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Rubicon Minerals Corporation Message Board

  • pioneerrubi pioneerrubi Oct 30, 2013 6:35 PM Flag

    10 Year Bond Rates

    On September 5th, when 10 year bond rates reached 2.99%, I posted the following:

    OT-10yr Bonds at 2.99%

    Control being lost. 

    Will be very good for gold.

    Today, one of our trolls browntimmy posted this:

    !0 yr bonds now at 2.47 and dropping. This proved to be just one more clueless utterance from the king rube.

    I'm not sure what his point was intended to be, however, the fact of the matter is that bond rates at 2.47% means that rates have increased 65% +/- over the last 9-10 months. Anyone who thinks that rising rates of this nature are not good for gold is stupid, naive or complicit.

    A source which I follow reports that immediately after the market closed at the 2.99% level, the Fed went to work with the primary dealers. What they have been doing is moving a big block of treasuries amongst themselves in what has been crudely described as a circle jerk. This creates a false indicator for rates and has so far worked to keep rates below the dangerous 3%+ level. This is obviously unsustainable and indicates desperation on the part of the Fed/Treasury Dept.

    Desperation is also indicated but brownie and the trolls.

    Sentiment: Strong Buy

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    • "On September 5th, when 10 year bond rates reached 2.99%, I posted the following:

      OT-10yr Bonds at 2.99%

      Control being lost.

      Will be very good for gold"

      And you were wrong on all counts (again). That was MY POINT you idiot Where bond rates were 9 - 10 months vs. the increase in the POG and the remainder of your post have also proven to be totally unfounded. And your "sources", they have continually proven to be as clueless as you have.
      Your wild sophmoric observations and analysis (which mostly consists of wishful thinking) continue to make you look like a complete fool.

      • 1 Reply to brown.tim47
      • You, johnny and your gang leap from one speculative notion to the next. "Control being lost" means just that. As the process continues, it will ultimately reach the point where it is lost. If you think it will go in a straight line, you are mistaken.

        Signposts along the way will be continued money printing, probably at increased levels in order to keep kicking a heavier and heavier can down the road, even less buying of bonds by creditor nations, repatriation of bonds as they are sent home to roost, establishment of trade relationships bypassing the US$ etc.

        The Fed and its minions will obviously fight using "unconventional means" such as the circular movement of bonds among primary dealers which will give temporary relief.

        Sentiment: Strong Buy

    • I'm not sure what his point was intended to be, however, the fact of the matter is that bond rates at 2.47% means that rates have increased 65% +/- over the last 9-10 months. Anyone who thinks that rising rates of this nature are not good for gold is stupid, naive or complicit.

      Yeah Pio we can all see how good it has been for gold. On Sept 5th gold closed at $1367. Clearly everyone can see how great gold has performed. I suggest the one that is really stupid, naive and/or complicit is you. Of course this is nothing new. Gold keeps on struggling and each day you have another one of your foolish reasons for gold to soar. Do you ever get tired of fooling only yourself? Brownie had it right it that is really eating away at you. As time goes on there will be a few more that will begin to see through you. Some folks on this board are as slow and naive as you are but not all the posters as that slow.

 
RBY
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