by J. Johnson
Great and wonderful Tuesday Morning Folks,
Precious Metals are rarely allowed a follow thru day after a nice and positive move up is made like yesterday, with Gold now at $1,784.20, down $9.20 after hitting a low of $1,781.20 with the high so far today at $1,797.60. Silver is leading us lower, as usual, with the trade at $18.31 down 27.2 cents after hitting the London low of $18.235 with the high up at $18.68. The US Dollar finally did get overseas support with its value now at 96.90, up 21.9 points after hitting a high of 97.105 with the low at 96.555. Of course, all this happened already, before 5 am pst, the Comex open, the London close, and after Sven the trader, claims “Markets are basically just a liquidity meth lab”… with no earnings growth during the last few years, “it is folly to pretend markets are about anything else but the Fed”. One thing for certain, meth labs and currencies do blow up, as witnessed in our next few paragraphs.