GOLD 0.51% $1,391.7 gold futures

I wonder if it's another bait and switch. Bernanke likes to fool...

  1. 551 Posts.
    I wonder if it's another bait and switch. Bernanke likes to fool the market into buying treasuries so he doesn't have to.

    Good to see both the Dow and Gold spike like that though. But I have a feeling Bernanke is going to drag this out for as long as possible.

    Interesting that treasuries spike on announcement - contrary to the claims of many that the fed will be the only one buying when they decide to. Be interesting to see how that plays out - if people are buying down to the yield that the fed wants to have in place, but after that will just sell, sell, sell...
 
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