Trading Manual For Today
Just another “Flying Wedge of Death” [FWD] day until the Fed minutes were released; then it was a
gold bar large rock off a cliff. The Fed, under the delusional policies of Weimar Ben, has painted themselves into a corner.
On the one hand you got the Bernank, and on the other you got the hawks like Fisher. The problem for the markets [gold, oil, equities] is that they can’t stop the money spigot [QE whatever] or it’s over for the bulls; lookout below.
Just a hint maybe the “new” printed money might be delayed and you see what happens; gold down $40 and equities skid.
On the other hand, interest rates can never go up from here or else. Else what? Else the entire GDP of the U.S. will have to be used for just interest payments. Gig is up folks, the math says so.
Meanwhile, we have a Prez who is a complete narcissist and moron. Reelect this guy Amerika and the U.S. becomes Zimbabwe within months. Thank you Fed for telling us today just how screwed up this country really is and what your priorities will bring upon this country.
Have a good day everyone.