We have learned the results of two meetings today: 1. the meeting at the top of the ECB and the meeting of the FED. The FED promised to keep interfering with the bond markets longer, while the ECB reiterated its willingness to keep the Euro afloat. So, how did the markets respond?
The Euro jumped and the US Dollar Index fell over 0.5. Gold that has been struggling with 1,790, closed above 1,790 and is now near 1,800. The mining shares? They did not do so well, making Larry look a bit better.
Thursday, October 4, 2012
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