With little else to do for the next 2.5 hours, we might as well have some fun.
Let's make this contest a little more subjective than those in the past. I'll pick three winners from all entries that most accurately describe what, if any, actions that The Fed announces today as well as predict the 5:45 pm EDT closing Globex price of both gold and silver. Feel free to lobby for yourself but I, as The Almighty and All-Powerful Turd, shall have sole discretion in determining winners and losers.
So, please use the comments section of this thread for your predictions. I will close this thread at 12:29 EDT so that no one can sneak in post-Bernank. In the meantime, try not to get distracted by the micro moves ahead of the Fedlines. All you are seeing this morning is algo/WOPR gaming of buy and sell stops. Ignore it unless the moves become $10+ in gold and/or $1 in silver.
And for your reading pleasure, I submit the link below. Sort of a rehash of many of the common themes here at TFMR but a good read, nonetheless.
OK, have at it. I'll be back with a new thread and full Turd-analysis after we see the Fedlines.
Have a fun day!!