Fed Incompetence In 60 Seconds
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Featuring views and opinions written by market professionals, not staff journalists.
(Kitco News) - The FOMC delivered the minutes from their last meeting and once again offered no clarity showing just how clueless they are. Watching the FED is like watching a Jackie Mason bit: we may, I’m not sure and maybe. The minutes were typical filed with gibberish which kept all markets muted.
Equity markets made new highs, gold rallied but couldn’t get through 1260 and silver held the 17.00 level. The Crooks of OPEC are failing to manipulate oil, as price are $1.00 lower today. All markets remain at key levels and are ready to breakout, look for equities to put the top in somewhere around 21,000 Dow.