Yesterday Bernanke changed his mind and has decided to ease again. It is like boiling a frog. Eventually the frog will be dead. The question is how soon.
See the commentary by By Scott Silva
Editor, The Gold Speculator
Here are the charts:
DJI , SPX, NASDAQ may or may not make new highs but they will eventually start the decline again
DAX, FTSE in Europe and Nikkei in Japan are not making new highs today no matter what Big Ben says. The genie is out of the box as far as bonds are concerned. The rates will not go back to levels a month ago. They will start going up again. The world wide bond market is so huge, that $85 billion per month is a drop in the bucket. The rates will resume their upward march soon.
NASDAQ
DAX Till 6 AM Pacific Time
FTSE
Nikkei as of July 10, 2013. It went up only 55 points today
See the commentary by By Scott Silva
Editor, The Gold Speculator
http://www.kitco.com/ind/Silva/2013-07-10-The-Manchurian-Chairman.html
DJI , SPX, NASDAQ may or may not make new highs but they will eventually start the decline again
DAX, FTSE in Europe and Nikkei in Japan are not making new highs today no matter what Big Ben says. The genie is out of the box as far as bonds are concerned. The rates will not go back to levels a month ago. They will start going up again. The world wide bond market is so huge, that $85 billion per month is a drop in the bucket. The rates will resume their upward march soon.
FTSE
Nikkei as of July 10, 2013. It went up only 55 points today
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