JI
jimkane
Rep: 3,058
Posts: 33,089
Starting it off. Let's hope for another week with what I think are sensational potential trading opportunities (even if they are scum bag manipulated longs, over and over).
JI
jimkane
Rep: 3,058
Posts: 33,089
Top of the hour Fed minutes. Gold just popped a bit, and I wonder if there is advanced notice, like with the Fed meeting when gold popped before, then exploded. Anyway, just over ten minutes and 'something' is likely to happen.
JI
jimkane
Rep: 3,058
Posts: 33,089
BTW, that pop this AM was because the ECB floated (again) the idea they may go to -0.1% rates (hence the trashing of the Euro (and Bullard later came out and said that's not off the table for the U.S.)). If that translates to public deposits (it has in Japan in the past), you deposit a certain amount, and you not only don't get any interest, when you withdraw, you find you have less. As it is now, one of my brokerage accounts pays me 0.01% on cash. For those math challenged, that would amount to $10 per year on a $100,000 account!!! Now they may, effectively, charge me to keep money in my bank. And all the while inflation takes a lot of it away already, and they want a lot more inflation!




