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.
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