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Come on guys, we need the visual here!!
http://finviz.com/image.ashx?dow&rev=634574715704148750
The Bloomberg speech wasn't an effective replacement for Bernanke's usual.
I go to check the markets, down 324 points...
11483.62 -312.54 (-2.65%) Nov 21 2:09pm ET
while not as dramatic as last year's swings (yet); still worth a bump imo.
http://finviz.com/image.ashx?dow&rev=634666348861250000
http://www.kitco.com/images/live/t24...0.688232421875
http://www.kitconet.com/charts/metal..._en_usoz_6.gif
A good plunge today, and the market hasn't had as low volume since December 2007. The bull'shit' is running out of steam. Meanwhile gold is up. Seems like run to safety to me!
http://chart.finance.yahoo.com/z?s=%...n-US®ion=US
Do you think that India's gold retailers are the reason for the current spike. Meaning Monday and today.Quote:
Originally Posted by Neuro
I can only imagine what Obama will do next to keep up appearances:
nationalize all retirement accounts and force them into stock funds- and not let them sell.
federal reserve can keep buying up treasury bonds.
Anything particular that happened the last few days re Indian gold retailers? I knew that India is going to levy taxes on gold imports, but I doubt that would create 'spikes', a general increased demand yes, but not increased volatility!Quote:
Originally Posted by osoab
Stock Market Volume is low and the prices are high. This means the bull market in Stocks is running out of steam. Smart Money Insiders move into gold now. They know that it is the only remaining safe haven... Bonds will probably be kept at low interest rates, but only through massive monetization, which means the value of the bonds will go down through currency devaluation...