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Post-FOMC Market Update: Gold Up, Stocks Down (Just)
The market had a small conniption immediately after the FOMC minutes were released as algos were quickly switched off but since then little has moved. The main 'theme' if any is one of a lower USD, higher Gold, and lower stocks with Treasuries and Oil flat (for now)...
and five minutes later... stocks are at lows of the day and USD/Gold rolling back...
Chart: Bloomberg
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Crash tomorrow? Or Friday?
Another kind of 'crash', Israeli warplanes just bombed Khartoum, Sudan, apparently, and killed some people ...
Just before the big Muslim holy day tomorrow ...
http://www.aljazeera.com/news/africa/2012/10/20121024142531802810.html
Mad libs?
Stocks down, gold up, that's the way we like to ______ ?
FUCK.YOU.BERNANKE!
Choppy stop-breaking cyberparasitic HFT trading. Stupid.
QE to infinity was already announced and they just acknowledged they will double down in December. They won't allow a market crash unless it's in their best interests (to keep cover for QE). The US will be downgraded and laugh about it. it's up to the rest of the world to pull the plug now.
At the end of the day, both gold and stocks ended in negative territory. The deterioration in technical terms, is very evident. Let's wait and see if the Fed comes to the rescue again. Otherwise, Wall Street has room to fall further.
This market has a worse identity crisis than Michael Jackson.
FUCK YOU BERNANK!
Lets see if AAPL can hold 500 once it gets there.. if not maybe BB can expand the feds balance sheet with the common.
How does dollar go higher?
Because FED isn't going to accelerate printing until December
Here is how the dollar goes higher (Hi ya)
http://tinyurl.com/dollarhigher1
It never has gone higher (not since 1933, anyway), and never will.
The values of fiat currencies ALWAYS move in only one direction: downward.
To say otherwise is nothing but confusion and/or misdirection.
Someone pissed in the market's kool-aid, that's for sure.
take away ajunkie's next fix and they tend to get violent
Gold up? Then why is it at roughly $1700 again?
The unmanipulated price is ten-zillion. That's why it went up today.
Gold at its lowest since early september and somebody here is telling me it's up today. Some people really think that repeating a lie makes it come true.
You did notice that the article and the first chart specify that the price of gold is higher than pre-FOMC right?
I know it's hard to concentrate on the article when you have an agenda so I thought I would take this moment to help you out.
What? Gold didn't go straight down today?
Exactly, any pumper (talk about having an agenda...) can always grab some chart that suits them and say "look, it's up."
Thanks for helping me to point that out! ;-)
what does Maria say when the market is actually at the LOWS OF THE DAY ???
Like my aunt Shenaynay used to say 'These markets be a hot damn MESS yo!'
sell it and sell it stupid!
Gold shows bearish count.
bullandbearmash.com/chart/gold-falls-today/
While the US Dollar climbs, Gold is going to have a hard time climbing too.