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Aug 22, 2011
Treasuries Fall on Speculation Fed’s Bernanke to Will Signal More Stimulus
Treasuries fell amid speculation Federal Reserve Chairman Ben S. Bernanke will signal additional measures to stimulate the economy, damping demand for the safest assets.
Here's an alternative headline that means exactly the same thing.
Treasury Yields Rise on Speculation Fed's Bernanke Will Attempt to Lower Treasury Yields
There's just no arguing with that logic.
Friday: No Major Economic Releases
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Friday:
• At 10:00 AM ET, *University of Michig...
1 hour ago
4 comments:
My respose to your comment on my post:
Mark, my trendlines and such are screaming CORRECTION AT HAND! I fear for the newer players getting in on a "sure thing".
I responded to your comment.
Here's a link to it for the benefit of others.
Yeah, gold's overdue for a correction, but like silver's prior moonshot it will probably rise higher before falling back to earth (i.e., 200dma). Then both will proceed on their regular upward march.
Also, please keep in mind my statement about PMs being a barometer on instability (i.e., NOT an inflation hedge) when thinking about the reactions to Ben's possible statements.
tj and the bear,
It would not entirely surprise me if the DJIA and gold traded at similar levels someday.
Of course, if history is any indicator then there would be a mad rush out of gold at that point.
And further, the problem with the theory is that the smart money might move a bit earlier than that, and the smarter money moves a bit earlier still, and so on.
There are easier things to do in life than pick the exact top of a parabolic spike. My digestive system is definitely not up to the task. ;)
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