FOMC next week.
A late day rally in the metals and stocks was caused by a Fed mouthpiece implying that they would not be ending QE anytime soon, taper or not.
Until the FOMC meeting confirms this, or not, then it will largely be a technical trade.
Lately the wiseguys have been hitting the metals on the Comex after Europe goes to bed.
Let's see if that still works, or if it has become a crowded trade.
I see where John Hathaway says that Gold Will Shock World With $1,000 Rapid Advance. Shut up!
It would certainly be a topic of conversation to say the least. Stranger things have happened. Bill Clinton was just named 'Father of the Year.' You can't make this stuff up.
