Looking Ahead To An FOMC Wednesday

What does The Fed have in store for us?

Tue, Jan 29, 2019 - 10:29am

It's a low-volume day thus far so you know what that means...AlgoLand. Thus we've already seen an enforcement of the NEEEE Rule and a quick drop due to the CNY. One can only wonder what the rest of the day will bring.

Let's start with today's NEEEE Rule...which, again, is the observation that rarely is Comex gold allowed to rally for more than 24 consecutive hours. In fact, The Banks work to ensure that it almost Never, Ever, Ever., Ever, Ever happens. Sometimes, news events overwhelm their efforts as we saw last Friday. Almost always, though, the NEEEE Rule holds....

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