{"id":9515,"date":"2014-03-19T22:57:01","date_gmt":"2014-03-20T02:57:01","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=9515"},"modified":"2014-03-19T22:57:01","modified_gmt":"2014-03-20T02:57:01","slug":"yellen-takes-the-heat-out-of-gold","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/","title":{"rendered":"Yellen takes the heat out of gold"},"content":{"rendered":"<p>Janet Yellen held firm on the Fed taper and unsettled markets somewhat with her throwaway &#8220;6 months&#8221; remark.<\/p>\n<blockquote><p>The Fed said the change in its rate hike guidance did not mark a shift in its intentions and that it would wait a &#8220;considerable time&#8221; after shuttering its asset purchase program before pushing borrowing costs higher. Yellen, who had fielded numerous questions without a hitch, hesitated when asked what the Fed meant by &#8220;considerable.&#8221;<\/p>\n<p>&#8220;I &#8212; I, you know, this is the kind of term it&#8217;s hard to define, but, you know, it probably means something on the order of around six months or that type of thing. But, you know, it depends &#8212; what the statement is saying is it depends what conditions are like.&#8221; (<a href=\"http:\/\/www.reuters.com\/article\/2014\/03\/19\/us-usa-fed-idUSBREA2I07520140319\">Reuters<\/a>)<\/p><\/blockquote>\n<p>That is not a firm commitment to raise rates any time soon. More like: &#8220;We are keeping our options open&#8221;.<\/p>\n<p>The Dollar Index jumped, along with Treasury yields, but only 13-week Twiggs Momentum recovery above zero would indicate a trend change; confirmed if there is a breakout above 81.50.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"363\" alt=\"Dollar Index\" title=\"Dollar Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-03-19-dxy.png?resize=525%2C363&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 79.0 &#8211; ( 81.5 &#8211; 79.0 ) = 76.5<\/p>\n<p>Spot gold retreated to support at $1320\/ounce in response to the stronger Dollar. Breach of the rising trendline would warn of another test of primary support at $1200, while respect would signal another attempt at $1420\/$1440.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" width=\"525\" height=\"363\" alt=\"Spot Gold\" title=\"Spot Gold\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-03-19-gold.png?resize=525%2C363&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 1400 + ( 1400 &#8211; 1200 ) = 1600<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Janet Yellen held firm on the Fed taper and unsettled markets somewhat with her throwaway &#8220;6 months&#8221; remark. The Fed said the change in its rate hike guidance did not mark a shift in its intentions and that it would wait a &#8220;considerable time&#8221; after shuttering its asset purchase program before pushing borrowing costs higher. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Yellen takes the heat out of gold&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9,35],"tags":[1073,1828,3204],"class_list":["post-9515","post","type-post","status-publish","format-standard","hentry","category-gold-precious-metals","category-us-dollar-index","tag-dollar-index","tag-inflation","tag-spot-gold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Yellen takes the heat out of gold - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yellen takes the heat out of gold - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Janet Yellen held firm on the Fed taper and unsettled markets somewhat with her throwaway &#8220;6 months&#8221; remark. The Fed said the change in its rate hike guidance did not mark a shift in its intentions and that it would wait a &#8220;considerable time&#8221; after shuttering its asset purchase program before pushing borrowing costs higher. &hellip; Continue reading &quot;Yellen takes the heat out of gold&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-20T02:57:01+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2014\/2014-03-19-dxy.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Yellen takes the heat out of gold\",\"datePublished\":\"2014-03-20T02:57:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/\"},\"wordCount\":221,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2014\/2014-03-19-dxy.png\",\"keywords\":[\"Dollar Index\",\"Inflation\",\"Spot Gold\"],\"articleSection\":[\"Gold &amp; Precious Metals\",\"US Dollar Index\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/\",\"name\":\"Yellen takes the heat out of gold - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2014\/2014-03-19-dxy.png\",\"datePublished\":\"2014-03-20T02:57:01+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2014\/2014-03-19-dxy.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2014\/2014-03-19-dxy.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/19\/yellen-takes-the-heat-out-of-gold\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Yellen takes the heat out of gold\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Jeff Cox at CNBC writes: ... the mostly dovish statement made little fanfare over eliminating the word, and in fact stated specifically that \"an increase in the target range for\u2026","rel":"","context":"In &quot;Fixed Income&quot;","block_context":{"text":"Fixed Income","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/fixed-income\/"},"img":{"alt_text":"10-Year Treasury Yields","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-19-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-19-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-19-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":48611,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/02\/17\/crude-breakout-warns-of-higher-inflation\/","url_meta":{"origin":9515,"position":2},"title":"Crude breakout warns of higher inflation","author":"Colin Twiggs","date":"February 17, 2024","format":false,"excerpt":"The S&P 500 is retracing to test new support at 5000 but respect is likely. Trend Index troughs above zero signal strong buying pressure. The massive rally is likely to continue for as long as the Fed and Treasury continue injecting liquidity in financial markets. Russell 2000 Small Caps (IWM)\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-16-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-16-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-16-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":14493,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/11\/17\/bonds-fall-after-us-fed-chair-janet-yellen-comments\/","url_meta":{"origin":9515,"position":3},"title":"Bonds fall after US Fed chair Janet Yellen comments","author":"ColinTwiggs","date":"November 17, 2016","format":false,"excerpt":"In her first public statements about the economy since Donald Trump's victory in the US election last week, Ms Yellen told a congressional hearing that an increase in short-term interest rates \"could well become appropriate relatively soon\", comments that sent Treasuries lower and yields on the 10-year note toward 2.25\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24474,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/03\/11\/why-invest-in-gold-part-ii\/","url_meta":{"origin":9515,"position":4},"title":"Why invest in Gold? Part II","author":"Colin Twiggs","date":"March 11, 2021","format":false,"excerpt":"Yesterday we mentioned the Congressional Budget Office (CBO) projection that federal debt will grow to 202% of GDP by 2051. We should clarify that this is unlikely to happen. CBO projections are based on the growing gap between tax revenues and government spending, with deficits rising exponentially over time. The\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48040,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/02\/07\/in-janet-we-trust\/","url_meta":{"origin":9515,"position":5},"title":"In Janet we Trust","author":"Colin Twiggs","date":"February 7, 2024","format":false,"excerpt":"We said yesterday that we expected the US Treasury and the Fed to push back against higher long-term UST yields and a strong Dollar. On Tuesday, the 10-year yield retreated from resistance at 4.20% after a sharp two-day rally. The Dollar Index retraced to test support at 104. Gold steadied\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-07-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-07-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-07-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=9515"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9515\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=9515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=9515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=9515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}