This morning's economic data and headlines were absolutely abysmal. NOTHING in any of these numbers could be contrued as "positive". More bad news in a month of bad news for the US Dollar.
Yet, at 11:30 AM est Gold and Silver are down on the day. THE DOLLAR IS DOWN. OIL is UP. Platinum is UP ANOTHER $50 an ounce and Palladium is UP...but not the "money metals". How do you spell BULLSH*T?
Stocks Decline on Manufacturing Report- AP
Industrial Output Posts Weak Gain- AP
Consumer Confidence Plunges- Reuters
US January import prices surge 1.7%, set record for 12-month price ... Forbes
US TIC Flows Lower in December CEP News, Canada
Pissed off? Yeah I'm pissed of...aren't you? You're witnessing a crime this morning...a new definition of "Fools Gold". This too shall pass, but it certainly makes my blood boil.
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