scot, US markets are on holiday duty for the next three months....

scot, US markets are on holiday duty for the next three months. Due to light volumes markets can easily do an about face. It's a very dangerous time.

As I read so much I see how confusing it is to make decisions about likely trends. One publication says FED rates on hold till late next year the next says a surprise rate increase likely ~September next.

The markets are asking for a sucker punch from left field and apart from all out civil war in Iraq or Ukraine the game changer could be US rates.

And even if they did that is it the correct thing to do? Could they in fact bring them down again?

As the last blue tongue at the FED head said, "QE is an experiment"

Soft inflation figures, near zero wage growth we need an indicator and possibly gold will tell the story. Keep an eye on that shiny metal. It's keeping an eye on left field.