Day Trading Oct 30 Pre-market, page-5

Morning all. Cheers 64.

"An insane rise in soybean prices." Is that it after all the massive volatility caused by QE?

QE has been used as a stick to drive the markets up and down, move the gold price etc, etc. And now it finishes with a whimper. Maybe tomorrow they'll set up a scenario that it's all over for equities. We'll see.

That's the story of the stock market in a nutshell.

Gold is now doing it's thing without a safety net. Fed says no interest rate rises but they can't get lower. Has to be a move up sooner or later and that threat has to weigh on the PoG.