Seems like every expected move is met by the opposite, hmmm
We just gotta start thinking like them instead of the masses.
Luckily this meeting is over so I can get back to my day-trading/quick booking method.
We need a nice rise in Gold overnight.
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It seems that after they push the market a certain way it ususlly is only temporary, usually...lol
mdp
ALCON,
Think about it. The Fed is essentially making all of its assets available to Wall street! Money is essentially free. How can this be gold negative?
I can see how it would be oil negative (which oil went up today..hmmmm) as all it will do is allow for the acquiring of free money from the fed and have it go into a strong currency that is going to not only go up against the dollar, but earn a higher rate!!! We used to talk about the yen as the carry trade. Now the dollar is the instrument for this!!!! IT BLOWS MY FREAKING MIND!
Put this up on your fav links Joe. I love this guy, even though he has long been down on gold. He is the market realist trader that is nearly always right.
http://market-ticker.denninger.net/
BTW, if you care about what happens, sign the petition that he has. Congress needs to hear a chorus from us that this robbery has to stop.
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