"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, August 22, 2012

Fed Minutes Pump

Many on FOMC Favored Easing

Silly market... I guess the SPX chart in the previous post is going to hold for now.  Gold liked it and silver liked it even more. 

The market is in full substance abuse mode and all is going according to plan.  I was not able to write that a couple months ago.  But now it appears that policy makers are ushering the markets forward into a situation where it could get really ugly if the naysayers like Lockhart and Fisher have their way.

http://www.biiwii.blogspot.com
http://www.biiwii.com/analysis.htm

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