Yes but whose foot is in the soup bowl. Bernie? hope he washed between the toes.
- closed longs yesterday around $640 yes I know saying so later, when the damage is done, but its true.
Was out today so could not go short. Look at that $2.00 fall in sterling etc etc.
Central Bank ? The US Treasury is thinking inflation will be stronger than expected... the markets may be thinking this too ( eg story in the FRT today, along same lines).
Prognosis - undecided. Action? gold trading sidelined.