Note the last Q fell by -2.1% so if you take the mean its about a 2.0% increase for the Half and that is the best massaged figures the Fed can bring to the table.
FED
They have frightened the market by talking about how fast prices have risen and now they are talking rising rates. All those people with margin loans crapped in their pants.
The Market apparently doesn't agree with the Fed at all and is getting set for a big correction. It wouldn't surprise me if the market corrects by about 20% over the next 6 months.
GOLD
It held up amazingly well the best Ive seen for a while after the FOMC it hardly went down at all. Now there is clear air for Gold.
