gold, page-4337

IMO Panda, you are placing a lot of emphasis on news, as a plenty do. The news just creates volatility within the trend. If the net news and economic conditions support the trend then naturally it will continue. But generally no singular event will reverse a macro economic trend on a dime. Not even the Twin Towers attack did that, nor the 87 crash. Often the markets are volatile on their own, which has journalists running around to match any available news with the market. I like to follow pending news flow (including company quarterlies) to close any short term trades that may be unnecessarily exposed, and conversely to bet on it sometimes when it conforms to the trend. Yellen, Bernancke, Greenspan, Donald Duck, it need not matter - their actions are reactionary to the market, but not making it.