Wed Stats, Fed Chiefdom rants provides drop at the bell, n drop at noon, n pop at about 2:30 EST
Expect earnings to come in today 2/3rd beat, 1/3 excrete especially the banks, and Bullard the QE foe at noon to provide a huge level of volatility --by mid afternoon another Fed dove will say not enough QE to whipsaw everyone looking for sanity inside all the BS.
My call today, a drop pre Market, another one two punch around lunchtime with further sells, and then the dove Fed Chief taking us into a higher close. Will gold provide enough luster today to become safe haven again following yesterdays bounce, or is the cat just going into rigor mortis?
What part of all over the place this morning is not understood? Silver has been down a quarter % to up a half % overnight. If you're looking for a trend, good luck with that. If you're going to take a scalp, you're going to have to be jack be nimble.