Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

I do not really think that acknowledging the inflation would provide any harm.
===============================================================

In that case, perhaps you should elaborate upon what you mean by "would provide any harm."

To whom?
Which markets?

As far as the PoG is concerned....

An interest rate hike today, would imo, have an effect, albeit a minor one, that could conceivably start another cascade of 'carry trade' unwinding which would most likely strengthen the dollar and be detrimental to the PoG.

Being a big fan of the gold market, I'm pleased that he didn't choose to raise rates today.