Hi All4One.The yearly S&P500 chart seems typical of the drip...

Hi All4One.

The yearly S&P500 chart seems typical of the drip feed of QE money coming in. It's a slow linear ramp up. Occasionally there's a scare and it drops back a bit and then the money rushes back in to continue the ramp where it left off. The taper, if it ever happens, will bring it down. Maybe the fed is hanging in hoping something else will crash the market first so they're let off the hook LOL.

The POG chart looks a bit unusual the last couple of days. After the overnight smackdown it has slowly ramped up during the day whereas most days it's more volatile. Looks like some algo buying.

I'm still waiting to see if the goldies bottom out. Can't be too much longer, can it??

On another note, China bought 131 tonnes of gold in October, the most this year.

http://seekingalpha.com/article/1865831-chinese-gold-imports-from-hong-kong-surge-to-over-130-tonnes-in-october-no-bear-market-for-gold-in-china