Gold Confidence Index plummets as Fed indicates benchmark hike this year

[webfact]

Gold Confidence Index plummets as Fed indicates benchmark hike this year

BANGKOK, 10 June 2015, (NNT) - The Gold Confidence Index crashed this month, as the US Federal Reserve signals a looming benchmark rate hike. However, the baht’s depreciation could pare down gold prices, with forecast lows of 18,000 - 19,000 baht per baht weight.

Director of the Gold Research Centre Kamolthun Pornphaisarnvichit revealed that the Gold Confidence Index of June has contracted, ending two months of growth. The index decreased by 10.0 points to 43.11.

Below 50 indicates pessimism, and above 50 indicates optimism. While reflecting the negative gold trade climate, Mr. Kamolthun believed the index was within an acceptable range.

A survey revealed that respondents believe the strongest negative factor of gold prices is the appreciation of the US dollar. The Fed has indicated that a benchmark rate hike will come within the year.

Correnspondingly, survey respondents believe the strongest positive factor is the depreciation of the Thai baht. The currency is expected to continue to inflate in the near future.

The proportion of respondents saying they would purchase gold within the next 30 days has decreased from 40 percent in May to 27 percent this month.


-- NNT 2015-06-10

[BuaBS]

"" A survey revealed that respondents believe the strongest negative factor of gold prices is the appreciation of the US dollar. ""

No , as long as the naked shorting continues on the crimex and in London , not much will change.

A banking collaps after a grexit may help the gold price.

But we need a separation between the fraudulent paper market and the real physical gold (and silver) market. If you can't hold it , you don't own it

[NeverSure]

"" A survey revealed that respondents believe the strongest negative factor of gold prices is the appreciation of the US dollar. ""

No , as long as the naked shorting continues on the crimex and in London , not much will change.

A banking collaps after a grexit may help the gold price.

But we need a separation between the fraudulent paper market and the real physical gold (and silver) market. If you can't hold it , you don't own it

Be sure to have a Hot Toddy before you go to bed tonight.

[mmh8]

the simple answer is for the fed to force purchase of gold from all citiizens and any passers through, a confiscation of all undeclared money, higher taxes on transport and stop over taxes, that should sort out some of the problem, additionally confiscate all undeclared jewelry, teeth and other precious metals.

Then work out what else can be taxed - I can make it easy gasoline, exactly tax gasoline the same as diesel or higher then start to look at the next

[SheungWan]

"" A survey revealed that respondents believe the strongest negative factor of gold prices is the appreciation of the US dollar. ""

No , as long as the naked shorting continues on the crimex and in London , not much will change.

A banking collaps after a grexit may help the gold price.

But we need a separation between the fraudulent paper market and the real physical gold (and silver) market. If you can't hold it , you don't own it

So maybe you can talk us through the price of gold bullion the last 5 years.

[BuaBS]

"" A survey revealed that respondents believe the strongest negative factor of gold prices is the appreciation of the US dollar. ""

No , as long as the naked shorting continues on the crimex and in London , not much will change.

A banking collaps after a grexit may help the gold price.

But we need a separation between the fraudulent paper market and the real physical gold (and silver) market. If you can't hold it , you don't own it

So maybe you can talk us through the price of gold bullion the last 5 years.

You can start with the gold site about price manipulation : http://gata.org/about

http://gata.org/node/14839

http://en.wikipedia.org/wiki/Andrew_Maguire_%28whistleblower%29

And the gold & silver blog sites :

http://blog.milesfranklin.com/category/market-manipulation-2

http://www.silverdoctors.com/

Every other day on http://www.zerohedge.com

Every time options expire , gold & silver get slammed , every end of a quarter , halve year , year.

On fraudulent nonfarmpayroles/jobdata , FED meetings ,.....and on and on.

[Nickiboy03]

The Fed will never be able to raise interest rates! Ben Bernake said interest rates wouldn't be raised in his life time.

The Fed is doing what they do best>> speak with fork tongue, double speak call it what you want they are liars. Cheap easy money is keeping the criminal element afloat Banks & .Gov.

Gold is the dollars enemy. Gold is .Gov's enemy, Gold is the Banker's enemy if not in their vaults. and as was posted earlier the Comex & the Chicago Mercantile Exchange use paper estimated to be minimum 100 to 1 ratio to keep gold price down. Thats why it is treated as a commodity and not real money.

Every market is fixed not a free market left. There is no real price discovery hasn't been for years.

History shows tho Physical gold will eventually displace worthless paper.

The whole world is in a paper ponzi scheme that every central bank is in collusion to perpetuate.

If you don't hold it you don't own it >>>> Gold........ Gold is insurance against political crisis,economic crisis and war. We there yet, been ongoing since 2008

Yellen even admitted the dollar wasn't a safe place to store wealth. Bet this quote wasn't heard on MSM CNN ETC

JP Morgan Qoute: "Gold is the only money period" He didnt leave any room for debate. Paper bills of any country is currency, not money.

Good Day

[Srikcir]

If you follow the adage "Buy Low, Sell High," now may be the time to buy gold securities.

The USA Federal Reserve has no control over global events and the speculative value of gold is driven by world uncertainty. With Iran, North Korea, Russia, and China aggressively promoting transnational military agendas, global economic soundness may prove to have no calming effect on investors.

[hhgz]

I love the conspiracy theory that "although China has tripled its gold reserves, banisters have manipulated the cost of gold downward". I can't get enough of this stuff.

[SheungWan]

"" A survey revealed that respondents believe the strongest negative factor of gold prices is the appreciation of the US dollar. ""

No , as long as the naked shorting continues on the crimex and in London , not much will change.

A banking collaps after a grexit may help the gold price.

But we need a separation between the fraudulent paper market and the real physical gold (and silver) market. If you can't hold it , you don't own it

So maybe you can talk us through the price of gold bullion the last 5 years.

You can start with the gold site about price manipulation : http://gata.org/about

http://gata.org/node/14839

http://en.wikipedia.org/wiki/Andrew_Maguire_%28whistleblower%29

And the gold & silver blog sites :

http://blog.milesfranklin.com/category/market-manipulation-2

http://www.silverdoctors.com/

Every other day on http://www.zerohedge.com

Every time options expire , gold & silver get slammed , every end of a quarter , halve year , year.

On fraudulent nonfarmpayroles/jobdata , FED meetings ,.....and on and on.

You didn't answer the question. Actual prices please.

[Naam]

"" A survey revealed that respondents believe the strongest negative factor of gold prices is the appreciation of the US dollar. ""

No , as long as the naked shorting continues on the crimex and in London , not much will change.

A banking collaps after a grexit may help the gold price.

But we need a separation between the fraudulent paper market and the real physical gold (and silver) market. If you can't hold it , you don't own it

Be sure to have a Hot Toddy before you go to bed tonight.

it might also temporarily help with the separation of the fraudulent paper market

[Naam]

I love the conspiracy theory that "although China has tripled its gold reserves, banisters have manipulated the cost of gold downward". I can't get enough of this stuff.

one billion Indians are buying since years gold left and right. therefore gold can only go UP, UP and UP....... when it doesn't go down or move sideways.

[NeverSure]

If you don't hold it you don't own it >>>> Gold........ Gold is insurance against political crisis,economic crisis and war.

Really. Please tell me in which major national or international crisis you could eat gold? If things are that bad and people were starving, would someone trade a loaf of bread for a kilo of gold? War? What defensive weapon is gold?

I agree things are going to get terrible so lets get together and trade all of our worthless money for bread. Then when things get bad enough starving people will give us all their gold for our bread. We can let BuaBS in on our group buying physical bread - not bread futures because if you don't hold it you don't own it.

The future is bread.

[Asiantravel]

If you don't hold it you don't own it >>>> Gold........ Gold is insurance against political crisis,economic crisis and war.

Really. Please tell me in which major national or international crisis you could eat gold? If things are that bad and people were starving, would someone trade a loaf of bread for a kilo of gold? War? What defensive weapon is gold?

I agree things are going to get terrible so lets get together and trade all of our worthless money for bread. Then when things get bad enough starving people will give us all their gold for our bread. We can let BuaBS in on our group buying physical bread - not bread futures because if you don't hold it you don't own it.

The future is bread.

" trade a loaf of bread for a kilo of gold "

That is both a disingenuous and fallacious argument

http://www.combibar.com/

[rott]

Not sure what it proves (if anything) but in Silom Rd the other week, outside KBank there were smartly uniformed young ladies running a stall promoting "Gold Futures".

Possibly it's always there, but it did bring to mind the classic legend of liftboys in New York passing stock tips in the months before the Wall Street crash.

[WorkingTourist]

Really. Please tell me in which major national or international crisis you could eat gold? If things are that bad and people were starving, would someone trade a loaf of bread for a kilo of gold? War? What defensive weapon is gold?

I agree things are going to get terrible so lets get together and trade all of our worthless money for bread. Then when things get bad enough starving people will give us all their gold for our bread. We can let BuaBS in on our group buying physical bread - not bread futures because if you don't hold it you don't own it.

The future is bread.

" trade a loaf of bread for a kilo of gold "

That is both a disingenuous and fallacious argument:rolleyes:

http://www.combibar.com/

When I was in Zimbabwe, I saw lots of people coming over the border from Zambia with shopping carts filled with bread, and people were waiting in lines to convert their Zimbabwean dollars to flour and similar.

I never saw or heard of anyone interested in gold. But why would they? They could use US dollars, South African rand, or any other currency that is both relatively stable and easy to spend in a neighbouring country.

Pretty much anywhere in the world you’ll be able to get a meal for forty US dollars or forty euros, but try pay with a 1 gram stamp sized piece of gold paper, and they’ll think you’re trying to scam them.

If you do believe that all the world’s major currencies will be subject to hyperinflation at the same time, then you ought to place your money in something that has intrinsic value. Buying silos of cereal, rice, and gasoline, seems like a better hedge against the imminent zombie apocalypse. And of course, lots of shotgun ammunition!

[Asiantravel]

Really. Please tell me in which major national or international crisis you could eat gold? If things are that bad and people were starving, would someone trade a loaf of bread for a kilo of gold? War? What defensive weapon is gold?

I agree things are going to get terrible so lets get together and trade all of our worthless money for bread. Then when things get bad enough starving people will give us all their gold for our bread. We can let BuaBS in on our group buying physical bread - not bread futures because if you don't hold it you don't own it.

The future is bread.

" trade a loaf of bread for a kilo of gold "

That is both a disingenuous and fallacious argument:rolleyes:

http://www.combibar.com/

When I was in Zimbabwe, I saw lots of people coming over the border from Zambia with shopping carts filled with bread, and people were waiting in lines to convert their Zimbabwean dollars to flour and similar.

I never saw or heard of anyone interested in gold. But why would they? They could use US dollars, South African rand, or any other currency that is both relatively stable and easy to spend in a neighbouring country.

Pretty much anywhere in the world you’ll be able to get a meal for forty US dollars or forty euros, but try pay with a 1 gram stamp sized piece of gold paper, and they’ll think you’re trying to scam them.

If you do believe that all the world’s major currencies will be subject to hyperinflation at the same time, then you ought to place your money in something that has intrinsic value. Buying silos of cereal, rice, and gasoline, seems like a better hedge against the imminent zombie apocalypse. And of course, lots of shotgun ammunition!

LOL

So suddenly in 2015 it's different this time (after 6000 years of history).

For the time being I prefer to follow what the Indians and Chinese believe

[WorkingTourist]

LOL

So suddenly in 2015 it's different this time (after 6000 years of history).

For the time being I prefer to follow what the Indians and Chinese believe:)

Are you saying that nothing has changed in 6,000 years? You do know that 6,000 years ago we did not actually have money, but relied on a barter system where goods and services were traded? And that this is actually what is suggested in this thread as a better hedge against a worldwide currency collapse, than relying on precious metals?

Precious metals were only a transition system from trading items with intrinsic value (animal skins, salt, tools, weapons, etc.), and the bank notes and IOUs that soon replaced it, once we started to see institutions in which we had trust.

The advantage of precious metals as currency was mainly the difficulty of making counterfeits.

[NeverSure]

The world has far more gold than it could ever use making jewelry or electronics. Gold's real value is perception, just like paper money. You can't eat or heat your house with either one. Let me propose some question in this modern era.

If currency collapses what are people going to buy your gold with? What is gold denominated in now? By what benchmark is it valued?

In a terrible collapse people would guard their food supply and who would be able to get near it even with gold? What does this hungry person with food want with gold?

In a terrible collapse people would hide everything they have and things would shut down fast. Gasoline would dry up fast as would the food chain. The end of the dollar would bring financial chaos and gold would be on the bottom of people's bucket list.

Manufacturing would stop as people hunkered down and there would be little to spend money or gold on. What good is gold if there's nothing to buy?

Give a man a fish and you feed him for a day. Give him a bar of gold when there is no food to buy and he'll trade it for seeds.

[Asiantravel]

The world has far more gold than it could ever use making jewelry or electronics. Gold's real value is perception, just like paper money. You can't eat or heat your house with either one. Let me propose some question in this modern era.

If currency collapses what are people going to buy your gold with? What is gold denominated in now? By what benchmark is it valued?

In a terrible collapse people would guard their food supply and who would be able to get near it even with gold? What does this hungry person with food want with gold?

In a terrible collapse people would hide everything they have and things would shut down fast. Gasoline would dry up fast as would the food chain. The end of the dollar would bring financial chaos and gold would be on the bottom of people's bucket list.

Manufacturing would stop as people hunkered down and there would be little to spend money or gold on. What good is gold if there's nothing to buy?

Give a man a fish and you feed him for a day. Give him a bar of gold when there is no food to buy and he'll trade it for seeds.

But what has changed regarding sentiment since George Walton Williams ended up with the biggest house in Charleston only because he insisted on being paid in gold coins? And I believe 1 billion Indians today think the same way as George Walton Williams did and probably a great many Chinese also

" George Walton Williams didn't demand to get paid in gold because he wanted to get rich— he wanted to stay rich."

https://www.hardassetsalliance.com/landing/a-timeless-lesson-on-gold-and-silver-vintage

[Asiantravel]

LOL

So suddenly in 2015 it's different this time (after 6000 years of history).

For the time being I prefer to follow what the Indians and Chinese believe:)

Are you saying that nothing has changed in 6,000 years? You do know that 6,000 years ago we did not actually have money, but relied on a barter system where goods and services were traded? And that this is actually what is suggested in this thread as a better hedge against a worldwide currency collapse, than relying on precious metals?

Precious metals were only a transition system from trading items with intrinsic value (animal skins, salt, tools, weapons, etc.), and the bank notes and IOUs that soon replaced it, once we started to see institutions in which we had trust.

The advantage of precious metals as currency was mainly the difficulty of making counterfeits.

Well evidently the Indians and the Chinese and the Arabs ( There are 1.2 billion Chinese, 1.0 billion Indians and 1.1 billion Arabs in the world and that represents nearly 60% of the world's population) who don't seem to worry about your " theory "

India's gold demand set to rise upto 20% in 2015

http://www.business-standard.com/article/markets/indias-gold-demand-to-rise-upto-20-in-2015-115021201014_1.html

China Buys More Gold Than The World Produces

http://www.forbes.com/sites/greatspeculations/2015/02/19/china-buys-more-gold-than-the-world-produces/

Edited June 12, 2015 by Asiantravel

[WorkingTourist]

Well evidently the Indians and the Chinese and the Arabs ( There are 1.2 billion Chinese, 1.0 billion Indians and 1.1 billion Arabs in the world and that represents nearly 60% of the world's population) who don't seem to worry about your " theory "

China has capital control, so I wouldn’t look to them for how to invest my money.

For example they also invested heavily in bitcoins: “Bitcoins were worth nothing in 2009 […] Four years later the value of one Bitcoin surpassed $1,100, thanks in large part to a surge in speculative interest from China” — http://www.forbes.com/sites/kashmirhill/2014/01/06/china-bites-into-bitcoin/

And, as I believe you are bearish on property, it seems they are also investing in that: “among high earning Chinese, foreign property is considered to be one part of a balanced portfolio” — http://www.marketplace.org/topics/world/chinese-companies-look-invest-american-real-estate

Anyway, your statement is meaningless without knowing how much they invest and why. Given that gold is at its five year low, and most other things are not, the demand for gold from these 3.3 billion people can’t be that high.

Also, I didn’t propose any theory, merely stating facts. What I should have added to my very short history of currency was trade beads, those were actually used to buy gold a few hundred years ago: https://en.wikipedia.org/wiki/Trade_bead

[Asiantravel]

" and the bank notes and IOUs that soon replaced it, once we started to see institutions in which we had trust."

As currency dies, Zimbabweans will get $5 for 175 quadrillion local dollars

http://news.yahoo.com/currency-dies-zimbabweans-5-175-quadrillion-local-dollars-153844646.html

[Asiantravel]

Well evidently the Indians and the Chinese and the Arabs ( There are 1.2 billion Chinese, 1.0 billion Indians and 1.1 billion Arabs in the world and that represents nearly 60% of the world's population) who don't seem to worry about your " theory "

China has capital control, so I wouldn’t look to them for how to invest my money.

For example they also invested heavily in bitcoins: “Bitcoins were worth nothing in 2009 […] Four years later the value of one Bitcoin surpassed $1,100, thanks in large part to a surge in speculative interest from China” — http://www.forbes.com/sites/kashmirhill/2014/01/06/china-bites-into-bitcoin/

And, as I believe you are bearish on property, it seems they are also investing in that: “among high earning Chinese, foreign property is considered to be one part of a balanced portfolio” — http://www.marketplace.org/topics/world/chinese-companies-look-invest-american-real-estate

Anyway, your statement is meaningless without knowing how much they invest and why. Given that gold is at its five year low, and most other things are not, the demand for gold from these 3.3 billion people can’t be that high.

Also, I didn’t propose any theory, merely stating facts. What I should have added to my very short history of currency was trade beads, those were actually used to buy gold a few hundred years ago: https://en.wikipedia.org/wiki/Trade_bead

" Anyway, your statement is meaningless without knowing how much they invest and why."

Why are the US 's " enemies " buying up all the world's gold?

Perhaps some investors have gotten complacent about the risks to the world's reserve currency – but not central bankers. They recognize the real enemy in all this: our own government, with its reckless, historic money printing and runaway federal debt. The $16.8trillion we owe as of March, 2013? That number is expected to grow by at least another $7 trillion in the next 10 years, maybe more.

http://www.thestreetgoldevent.com/why-us-enemies-buying-all-the-gold/

[SheungWan]

The world has far more gold than it could ever use making jewelry or electronics. Gold's real value is perception, just like paper money. You can't eat or heat your house with either one. Let me propose some question in this modern era.

If currency collapses what are people going to buy your gold with? What is gold denominated in now? By what benchmark is it valued?

In a terrible collapse people would guard their food supply and who would be able to get near it even with gold? What does this hungry person with food want with gold?

In a terrible collapse people would hide everything they have and things would shut down fast. Gasoline would dry up fast as would the food chain. The end of the dollar would bring financial chaos and gold would be on the bottom of people's bucket list.

Manufacturing would stop as people hunkered down and there would be little to spend money or gold on. What good is gold if there's nothing to buy?

Give a man a fish and you feed him for a day. Give him a bar of gold when there is no food to buy and he'll trade it for seeds.

But what has changed regarding sentiment since George Walton Williams ended up with the biggest house in Charleston only because he insisted on being paid in gold coins? And I believe 1 billion Indians today think the same way as George Walton Williams did and probably a great many Chinese also

" George Walton Williams didn't demand to get paid in gold because he wanted to get rich— he wanted to stay rich."

https://www.hardassetsalliance.com/landing/a-timeless-lesson-on-gold-and-silver-vintage

Would have been a rubbish strategy the last 5 years for property in London.

[WorkingTourist]

" and the bank notes and IOUs that soon replaced it, once we started to see institutions in which we had trust."

Not sure what you find so laughable here. I am describing history. Surely people would not deposit their gold and silver coins with the local goldsmith if they did not trust them, nor would vendors accept IOUs if they did not trust both the buyer and the issuer of the IOU.

Of course it wasn’t always blind trust, and we did see bank runs, but the system was effectively based on trust and seemed to work better than the system it replaced, as people could otherwise just have kept using their gold and silver coins, rather than exchange them to bank notes. It wasn’t until later that central banks were created, and much much later, that it was made illegal for US citizens to own gold.

Now, in recent years, there are certainly trust issues, both with respect to the financial industry’s ability to manage risk, and the central banks role in controlling macroeconomics. But that wasn’t what I was talking about.

As currency dies, Zimbabweans will get $5 for 175 quadrillion local dollars

http://news.yahoo.com/currency-dies-zimbabweans-5-175-quadrillion-local-dollars-153844646.html

Right, I already mentioned Zimbabwe, and I mentioned how they could switch to US dollars and South African rand (rather than gold) once their own currency was undergoing hyper-inflation, as the article also confirms.

What the article doesn’t mention, but what I saw first hand, was that people were much more interested in food and clothing than money.

So in Zimbabwe, it went: food > clothing > South African rand > US dollar > gasoline > tradeable objects > … > gold.

[Asiantravel]

Texas Gold Bill Becomes Law, State to Remove $1B Worth of Bullion From New York

The lack of faith in central bank trustworthiness is spreading.

There are precisely 2 important reasons. One involves distrust in the current storage system and the second threatens the paper money system as a whole.

http://www.theepochtimes.com/n3/1382264-texas-gold-bill-has-potential-to-uproot-monetary-system/

[Asiantravel]

" and the bank notes and IOUs that soon replaced it, once we started to see institutions in which we had trust."

Not sure what you find so laughable here. I am describing history. Surely people would not deposit their gold and silver coins with the local goldsmith if they did not trust them, nor would vendors accept IOUs if they did not trust both the buyer and the issuer of the IOU.

Of course it wasn’t always blind trust, and we did see bank runs, but the system was effectively based on trust and seemed to work better than the system it replaced, as people could otherwise just have kept using their gold and silver coins, rather than exchange them to bank notes. It wasn’t until later that central banks were created, and much much later, that it was made illegal for US citizens to own gold.

Now, in recent years, there are certainly trust issues, both with respect to the financial industry’s ability to manage risk, and the central banks role in controlling macroeconomics. But that wasn’t what I was talking about.

As currency dies, Zimbabweans will get $5 for 175 quadrillion local dollars

http://news.yahoo.com/currency-dies-zimbabweans-5-175-quadrillion-local-dollars-153844646.html

Right, I already mentioned Zimbabwe, and I mentioned how they could switch to US dollars and South African rand (rather than gold) once their own currency was undergoing hyper-inflation, as the article also confirms.

What the article doesn’t mention, but what I saw first hand, was that people were much more interested in food and clothing than money.

So in Zimbabwe, it went: food > clothing > South African rand > US dollar > gasoline > tradeable objects > … > gold.

I am laughing so much because your statement about trust. When it comes down to the wire you can't trust desperate politicians and bankers with who have their backs against the wall to stop the printing press and Zimbabwe is an excellent example of how others Fiat currencies are going to go.

But as far as Zimbabweans not being interested in gold I don't think Zimbabweans are even on the radar screen compared to Indians, Chinese, Russians and Arabs because goldh as never been part of their historic culture

[WorkingTourist]

I am laughing so much because your statement about trust. When it comes down to the wire you can't trust desperate politicians and bankers with who have their backs against the wall to stop the printing press and Zimbabwe is an excellent example of how others Fiat currencies are going to go.

One factor leading up to Zimbabwe’s problems was the land reforms that moved land ownership from white (former colonists) to local black people.

This lowered production significantly and thereby the country’s export, it undermined trust in property ownership, it lead to exclusion from Commonwealth, and several sanctions that included freezing of foreign assets.

Unemployment rose to 80% and the government was printing money to pay government employees, including the military (they were involved in the war in Congo), and the government was probably among the most corrupt (and least transparent).

So Zimbabwe’s path is not “an excellent example of how others [sic] Fiat currencies are going to go”.

But as far as Zimbabweans not being interested in gold I don't think Zimbabweans are even on the radar screen compared to Indians, Chinese, Russians and Arabs because goldh as never been part of their historic culture

I think you missed the point that was being made, namely that during a real crisis, gold is impractical.

I am not sure I really buy that everybody but westerners are buying up gold, at least it’s not showing in the price of gold, and the article you linked to mainly highlighted the relative increase in how much the various central banks bought measured in weight, so if a central bank spends a fixed amount of money each year on gold, then it would only follow naturally that if the gold price drops by 20% they will actually buy 25% more gold.

So to take the article seriously, it should have stated how much money (in the country’s currency) was spent on gold, and it should compare that to what other reserve currencies this country was buying. For example China still buys far more US dollars than gold.

[alocacoc]

By Greg Robb, MarketWatch

WASHINGTON (MarketWatch) -- Federal Reserve Chairwoman Janet Yellen and most of her colleagues are insistent that they plan to raise interest rates this year. So markets will be focused on this week's U.S. central bank's policy meeting for clues about when the Fed will move.

Strong jobs and spending data since the beginning of June are not expected to be enough to bring about a rate hike at the meeting on Tuesday and Wednesday, economists said. That leaves only four policy meetings remaining after this week's meeting for a move: July, September, October and December.

Fifteen out of 17 Fed officials penciled in a rate hike this year when they were last polled in March. A new survey will be released this week, and that overwhelming support for a move is likely to remain in place, said Kevin Logan, chief U.S. economist at HSBC.

Economists said they would be looking for any nudges or winks from the U.S. central bank that could confirm or alter their expectations of the timing of a rate hike.There will certainly be opportunities for the Fed to tip its hand.

On Wednesday, following two days of talks, the Fed will release updated economic forecasts, a "dot plot" of the projected path of rates, and a policy statement at 2 p.m., all capped off by a press conference by Yellen at 2:30 p.m..

Josh Shapiro, chief economist at MFR Inc, said he plans to ignore the chatter and focus on the dots, which represent the best guess of each of the five Fed governors and the 12 district bank presidents, of where interest rates should go based on their individual forecasts.

"The dots, there it is in black and white. That represents information," he said.

Ellen Zentner, chief U.S. economist at Morgan Stanley, agreed, saying: "The so-called dot plot is extremely useful in providing short-term communication regarding the timing of liftoff."

Zentner says the dot plot released following the June meeting will show the path of rate hikes "starts later and shifts lower" than the March chart.

-Greg Robb; 415-439-6400; [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

06-14-15 1057ET

Edited June 14, 2015 by alocacoc