iBankCoin

Federal Reserve ‘Dovishness’ Causes Furious Rally in Gold Stocks

Do not try to understand why gold went up today, or how a Fed rate hike and hints at 2 more for the year was construed as dovish. Just go with the flow — Hakuna Matata.

When you come to realize, finally, that all of your years of study and experience mean nothing in a battlefield filled with fucking retards smashing in each other’s skulls in with their shields, you will find a sort of peace. For two decades, I curated my skills, read innumerable books, expanded my money management business to enjoy 1%er type wealth — only to later find out most of everything that I learned was meaningless horseshit.

The only reliable method of research that I am able to repeat over and over again are found in the confines of Exodus — examining market behavior without emotion. It’s very hard to do and sometimes one does get caught up in the moment — boarded on an arc filled with gay giraffes. But, the data rhymes and often repeats itself — permitting attentive students of the market to glean an edge.

As expected, gold stocks traded higher on a Federal Reserve rate hike, said no one but a select few.

The action was palatable, with the sector higher by 9%.

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4 comments

  1. it is showtime

    Fed tail wagging dog, Their minions were ready,
    Indexes were scheduled and prepared to jump on Fed announcement
    Fake stock market until the escalating uncertainty & unraveling ends their game

    RESET E P V
    RESET T E C S
    ADDED T E C S

    Hi Fed, continued resetting of my short positions today, and throughout, Your assface illusion indeed still has failed to dominate and upend me, Suck D I C K S Fed

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  2. bennyhill

    It must be nice to live where most people are sensible and human

    http://www.latimes.com/world/europe/la-fg-netherlands-election-20170315-story.html

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  3. sarcrilege

    It’s all predetermined and rigged by HFT. Only a few insiders at the top know which way markets will likely move. I was not invited to be a member of that tiny club so to hell with them. I am not participating.

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