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2010-10-09 — zerohedge.com
As the graphic in this article starkly shows, there is a distinct ramping of the S&P, Treasuries (the stated "goal" of POMOs) and the dollar index on days when the Fed goes into the market buying bonds for its "Permanent Open Market Operations". Not surprisingly, commodities and crude distinctly (and of course gold) take a significant hit. Note that on non-intervention days, stocks, Treasuries, and the dollar aren't just flat: they are down (with Treasuries VERY down). Gold and commodities are up. That proves what the fundamental underlying trend is. Govern yourself accordingly! source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |