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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Tuesday, March 18, 2008

Just when you think you've seen it all.....

WARNING: THIS IS A CLASSIC RANT WHICH MEANS IT IS FULL OF PROFANTIY!!!!!!!!!!!!!


A day like this comes along and makes you hate life. Big fucking deal, the Fed only cut 75bps, vs 100bps, they left the door open to more cuts. The gold stocks told the story as to where gold was going as gold was up a couple of bucks, but the HUI was getting the shit kicked out of it. And of course after the announcement it was gold's turn to get killed as it was down as much as $25; the HUI was also down 25.

In all my years of trading this, this day was the biggest cluster fuck I have ever seen, especially given the liquidity that has been poured on the system in the last two days. The fact that the market was up over 400, makes it even more criminal. It was quite fucking obvious that there were unseen hands in both the dollar and gold.

Case closed. My chest hurts too much too write any more. I just hope anyone who doubts that this market is rigged more than a three card monte game, is a doubter no more

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