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June 20th FOMC - What to expect

post #1 of 5
6/18/12 at 7:39pm
Thread Starter 

So the big event this week is the FOMC on June 20th. Goldman has been calling for QE3 to be announced this day for some time now. And being how closely tied they are to the head of the FRBNY, I wouldn't be shocked to find out that they had some insider info...

 

I personally don't see it happening, not yet anyway. What I do expect is some form of Operation Twist extension, which will be followed by QE 3 later a few months down the line.

 

Anything short of a QE3 announcement on June 20th I would expect the market to sell off.

 

If QE3 is announced, say hello to Silver 35 and Gold 1800.

 

Zerohedge just posted an article regarding the June 20th FOMC..

link: http://www.zerohedge.com/news/part-its-new-qe-qa-goldman-warns-possibility-50-75-billion-flow-program

 

p.s. i just joined the 3000th post club.. Am I going in the HSM hall of fame? I hear everyone who has gone 3000 are inducted..

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post #2 of 5
6/18/12 at 8:02pm

3000 posts in 5yrs? I think thats more the hall of shame. laughing.gif

 

Re QE3, you can bet that the secret phone calls are being made and the GS insiders are already positioned correctly for what ever comes, but is it a full blown QE3? I would be extremely surprised if it was.

 

Maybe some more twist or what ever garbage they decide to call it, but full blown QE3 would mean we are on the precipice of a disaster, which means we may get an initial pop, but it could quickly dissipate as everybody uses the rally to get the hell out of the way of what ever is coming down the road.

 

I just hope for the best, but expect the worst.

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post #3 of 5
6/18/12 at 8:23pm

qe3 

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post #4 of 5
6/18/12 at 8:29pm
Thread Starter 
Quote:
Originally Posted by tones View Post

qe3 

Very thought provoking post. Lol.

If you are expecting qe3, maybe you should've held your gdx and not listen to the idiot in the chat who was shorting slv.
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post #5 of 5
6/18/12 at 9:05pm

r u talking about the guy that made 4 trades that all ended up being red for the day? laughing.gif no i'm jk

 

+ i wanted to sell those gdx calls before EOD since vix was getting slaughtered and gdx seemed like it had ran out of steam for the day & i hate holding overnight especially weeklys when there is ~40-50% profit to be realized for a trade lol

 

i'll get back in calls, hopefully for a lower premium tomorrow.. if not a higher strike price depending on the action. hoping PM's swing one way hard wednesday to make up for my retardedness of not cutting my gdx puts loss. still holding though. i'm gonna revenge trade the hell out of gdx 

 
 

 

Quote:
Originally Posted by charulz View Post


Very thought provoking post. Lol.
If you are expecting qe3, maybe you should've held your gdx and not listen to the idiot in the chat who was shorting slv.

 

& i think qe3 will be announced b/c recent economic reports have been negative regarding economic issues - IMO something is going on when the BLS publishes ridiculous actual job number divergences from the estimate - , & i think these reasons will allow the fed to justify qe3.

 

or nothing happens and we get a sell off or more chop

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