Here it is.
Al Kamego
JI
jimkane
Rep: 3,058
Posts: 33,089
Bennie and the (Ink) Jets will be yapping tomorrow about the next monster money printing event. Probably $600 billion or more in MBS purchases, plus some other nonsense, plus zero rates for life, etc. I can't see how the market wouldn't be up 300-500 on that... Now, why that isn't being anticipated by the 'forward looking discount mechanism' of the market right now, I can't say... Maybe just part of the game of getting better prices for the insiders... That, and the geometry, of course.
JI
jimkane
Rep: 3,058
Posts: 33,089
And update on this chart analog, from Slope of Hope, for fun.
http://slopeofhope.com/2011/12/the-analog-unfolds-gloriously.html
http://slopeofhope.com/2011/12/the-analog-unfolds-gloriously.html
JI
jimkane
Rep: 3,058
Posts: 33,089
Gold has just hit a major SL and is starting to bounce. I'm curious to see what it does here. There are some important levels below calling to this...
JI
jimkane
Rep: 3,058
Posts: 33,089
For my overseas readers, that's a take off on a stupid American TV commercial.
JI
jimkane
Rep: 3,058
Posts: 33,089
ES starting to rise nicely. Gold looks like it may be reacting to that SL area after a 'retest'. Let's see..
JI
jimkane
Rep: 3,058
Posts: 33,089
The GC triggered at around 1659. Let's see if it can really do anything, though. You'd imagine it would explode when Bern-Qwacke announces another hundred trillion in funny-munny tomorrow, but that seems so obvious. Perhaps the government manipulators will just keep the downward pressure on it.

