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ConferredDiligence

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ConferredDiligence

Re: None

Tuesday, 03/28/2017 2:32:02 PM

Tuesday, March 28, 2017 2:32:02 PM

Post# of 44412
Gold Slammed Below $1250 After Fed Fischer 'Dovish' Comments

This is their game...it's all about triggering the HFT algos with "key words" to steer the markets where ever they damn well please.

Confirming just two more rate hikes in 2017 and plenty of uncertainty and fear over productivity growth, a 'dovish' Stanley Fischer sparked an instant reaction in USDJPY (spiked above 111) and Gold (slammed below $1250) as stocks moved to the day's highs and bond yields rose (30Y over 3.00%)...

"Notably Fischer did his very best to say absolutely nothing. But did say the following which seemed enough to trigger the algos..."

*FISCHER: TWO MORE RATE HIKES SEEMS TO BE ABOUT RIGHT FOR 2017
*FISCHER: PRODUCTIVITY GROWTH IS VERY LOW BY HISTORIC STANDARDS

http://www.zerohedge.com/news/2017-03-28/gold-slammed-below-1250-after-fed-fischer-dovish-comments
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