Wednesday, November 3, 2010

12:15 PM PDST FOMC REPORT VOLATILITY CALMS DOWN WITH TWO HOURS LEFT TO GO IN AFTERNOON TRADING

STOCKS CLOSE AT 1PM PDST AND THE MARKET SHOULD GROW QUIET, THEN PICK UP AT 3PM PDST FOR THE  EVENING AND OVERNIGHT MARKETS. HARD TO SAY WHAT GOLD WILL DO NOW, BUT LOGIC SAYS IF THE FEDS ARE GOING TO PUT O ANOTHER 600 BILLION IN THE MONEY SUPPLY...GOLD SHOULD MOVE HIGHER. BUT THEN THERE IS ALWAYS THE BULLION BANKS PUSHING AGAINST GOLD'S RISE AT THE DIRECTION OF THE GUV'MINT TO KEEP IT FROM EXPLODING MUCH HIGHER.
OR AS JIM SINCLAIR HAS TOLD US, A 'GRADUAL' QE UNTIL ALL CONFIDENCE IN PAPER MONEY IS LOST AND GOLD IS FINALLY RECOGNIZED AS THE 'BENCHMARK' CURRENCY.
GOLD IS NOW PULLING BACK FROM ITS RALLY AND COULD GO SIDEWAYS, FALL FURTHER, OR EVEN MOVE HIGHER. THIS IS A MOMENT TO MOMENT MARKET WHERE YOU GRAB WHAT PROFITS YOU HAVE WHILE YOU HAVE THEM, BUT THE LONG TERM TREND IS TO THE MOON!

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