The dome has been built and crashed. Policy has been rammed home with the help of media hysterics. The world has signed on to the welfare of the primary abuser, Wall St. and the US financial sectors. Perhaps today is the day the policy will stick. In the speculative portfolio in NFTRH I noted that QQQQ and USO had been added (on Friday's downer) and this morning I bought the relatively sound financial system of Singapore while waiting for the silliness in the precious metals miners to run its course.
Edit (12:21) Regarding the manip issue, the more I think of it the more I think not. In my own personal life I saw people buying GLD last week on a knee jerk response to the hard down in markets. It is a primal thing, fear. And the fear response (to buy gold) is being unwound on relief today. The CoTs are still constructive and while there may be some goonz in the gold market, dems boyz is probally not a major factor. The ancient anchor to value has had a lot of patience just sitting there holding its investment merit while all these circus acts go on around it. Silver is leading today, which implies a nice relief for many markets is in the offing. Notice how HUI spent more time going down with stocks than up with gold last week?
