Повышение цен на золото на протяжении последних лет с 800 долларов США за унцию в начале 2009 года до более 1900 долларов США осенью 2011 года имело все признаки экономического пузыря. В настоящее время, как это бывает со всеми резкими скачками цен на активы в отрыве от основных экономических показателей и спроса, золотой пузырь сдувается....Читать далее

This is what happens when the market prices in $1+ trillion in loose money from the Chairman, and gets a sharp stick in the eye instead.
The VWAP algo attractor comes through in the clutch:
Curve inversion has begun:
Stocks plunge, commodities collapse, Morgan Stanley refutes facts presented by a fringe blog, gold and precious metals are liquidated as margin calls explode, dollar soars as every bank in Europe scrambles to get its hands on every Benjamin it can get, Treasurys surge to never before seen prices even as CDS of the underlying countries soars, and the DJIA posts the third biggest weekly drop in history (and the week is not even over yet)....Читать далее

«The Fed is done. Finished. Kaput. It literally has nothing left in its arsenal save a massive QE plan. And that will only come if there’s systemic collapse or a major bank goes under (announcing a massive QE program without catastrophe will insure that everyone, including Congress turns against the Fed in a major way)....Читать далее