That's right....another rabbit trick. Unlike many out there trying to divine the maestro I find the better course of action to accept the inevitable and stick with your trade. We are in a deleveraging disaster and finding an out is going to go on for months and years. Trying to guess Ben's next move may be fun but it will surely cost you money if you are leveraged or overtrade you position. Whatever Ben says tomorrow will most likely provide support for PMs. If they try to paint a picture of holding the monetary purse too tightly then of course the PM beatdown and market beatdown would be severe. That may provide you the last opportunity to pick up physical sub 1600 and don't expect it to last more than a day or two. More than likely they have made expectations factored in for little action tomorrow. The more interesting period will be next Friday's job report. A very weak number would really set this market up for some Sugar. Ben would have a clear shot at the next week's FOMC meeting on the 14th. THAT SHOULD be the battleground IF Ben wants it to be. He knows who the next Prez is going to be so he could care less about "political" ramifications......HE IS the Chief. Do any of you remember Batinator. Bright guy. Do you recall how convinced he was of the complete collapse of liquidity in the summer of 2010 and then into late 2010? NEVER FIGHT THE FED! Even some of the brightest pundits trying to time this mess have been completely confounded by the market. It is amusing to listen now to the daily verbage on CNBC about the "fiscal cliff" or the "financial crisis". Over and OVER they repeat these phrases, while simultaneously saying invest in Starbucks or Tiffany or Chipotle or Whole Foods or Fraudbook. How can any CONfidence get restored in our financial system with a "Crisis" report at 7pm and an Options monster show an hour before. Its pure unadulterated insanity. Your money is "safe" however in this system so just relax sheeple.
I use as many metrics as I can find...This market is the BEAR of all bears perhaps worse than the 1929-1933 crash.It was the result of a thirty year credit bubble that could have been stopped. Many of us trading and trying to survive this will be destroyed....Many families will be destroyed, conversely many families will become closer as they unite to survive. I will attempt to provide useful current daily news that will assist you in your market and personal decisions. Always do your own due diligence...my commentary is just that....commentary. We are now entering the K Winter final phase down. This is heralded by a complete loss of CONfidence. Many of you that have read this blog know this is EVERYTHING for markets. We are lost and our moral compass is lost...that is a disastrous combination. The rule of law is now in the rear view mirror for this nation. Prepare for coming events beyond your imagination. readers