You've Got To Be Kidding Me

A discussion on gold, silver, and the markets.

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Location: Freehold, NJ, United States

Married with two children and one toy poodle which was not my first choice but I like her anyway. Been on the Street since 1989, mostly as a retail broker.

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Wednesday, January 16, 2008

Everything I hate about the gold market....

Has come back in the last two days:

Down on no fundamental news, the dollar "magically" rallies out of no where, any attempt at rallies are squashed, etc. etc.

I was correct in my last post. The dollar rallied off of nothing, and gold at its worst was down to $880 or almost $22. It has since rallied to down $12...yeah, lucky us.

Should be a fun one.

Oh, wait, the TIC report came in, showing net inflows of $90 Billion. Gee, surprise, surprise.

I don't mean to keep whining like a school girl, but this is the type of action that just reeks of the third hand.

It never ends.

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