Anyone?
A temporary move out of fixed income due to a slight ‘extra’ reduction in the rate. Which will soon be reversed. Most of the moves were in Gold and Energy in Canada, buoying everything else. These make sense, I would be selling gold as of now, its had its inflation rally, but I think the Fed’s cut shows their true fear about deflation and now they’re out of immediate term ammo. I see gold down 20% by year end.
comp_sci_kid Wrote: ------------------------------------------------------- > Anyone? markets are irrational.
ConvertArb Wrote: ------------------------------------------------------- > comp_sci_kid Wrote: > -------------------------------------------------- > ----- > > Anyone? > > > markets are irrational. Sounds good to me. Can i have fries with that?
MattLikesAnalysis Wrote: ------------------------------------------------------- > A temporary move out of fixed income due to a > slight ‘extra’ reduction in the rate. Which will > soon be reversed. > > Most of the moves were in Gold and Energy in > Canada, buoying everything else. These make sense, > I would be selling gold as of now, its had its > inflation rally, but I think the Fed’s cut shows > their true fear about deflation and now they’re > out of immediate term ammo. I see gold down 20% by > year end. Gold is only up 2.5% on the day, the market is up well over that. Metal Bid Ask Gold $859.20 $860.20 21.70 Silver $11.20 $11.25 0.53 Platinum $861.40 $871.40 27.20 Palladium $181.00 $186.00 3.50 Dow 8,924.14 +359.61 +4.20% Nasdaq 1,589.89 +81.55 +5.41% S&P 500 913.18 +44.61 +5.14%