Benny and the Boys need to hang on here.
There is a LOT of air under this monetary meringue.
I can see an event dropping the SP futures down to test the 1200 level in less time than most might imagine.
“One day, we will have to stand before the God of history. And we will talk in terms of things we've done. And its seems to me that I can hear the God of history saying, 'That was not enough. For I was hungry, and you fed me not. I was naked, and you clothed me not. I was devoid of a decent sanitary house to live in, and you provided no shelter for me. And consequently, you cannot enter the kingdom of greatness.'" Martin Luther King
"The CME Final for Friday reports that volume was indeed 174,502 lots, 9.34% above estimate, open interest rose 983 lots – 3.06 tonnes or 0.2% - to 493,137 contracts.
This suggests that the heavy selling which sent gold plunging $26.40 in the aftermath of the employment report was a short selling raid, which was only partially successful in spooking out longs." John Brimelow
"Unfettered capitalism is a revolutionary force that consumes greater and greater numbers of human lives until it finally consumes itself." Chris HedgesThe pigmen and piglets, pounding the table for more, are going to be in for quite a surprise when what goes around, comes around.