Tuesday, March 13, 2012

Gold Daily and Silver Weekly Charts - FOMC Raid and Bonus Time for Favored Banks - Winning!


I had expected a rough time for the metals today, as is often the case with an FOMC announcement day.

But a decline turned into a smackdown, as JPM chose to make their own announcement of their stress test results and shock a quiet market. I almost think that this was Jamie Dimon's way of telling James Koutoulas, and the MF Global customer, to shove their open letter where the moon don't

No comments:

Post a Comment