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, February 20, 2008

Full jam job in effect.....

Dollar up a ton on absolutely no news, the second the CRIMEX opened gold's losses doubled to the lows of the day (gee, who woulda thunk that?). Strap in kids, they are in full suppres gold move today. (So far anyway.)

Oh, the inflation numbers just came in and were extremely bearish (high). And gold goes to the lows?

Now down $9+. This is going to be the type of day where:

1. Any sort of lift will be met with selling.
2. Gold prolly closes on the low
3. Make me think yesterday was a mirage.
4. As usual, no follow through
5. Reminds me why I hate this F#$$% so much.

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