Well, here we go. We've written since at least January that the US midterm elections would bring gridlock, endless investigations and declining confidence. We're about to see if that theory holds: https://www.tfmetalsreport....
It's not quite like the summer doldrums but today's action is similar. We'll likely sit and wait with prices in a range, all the while subject to sudden spikes and selloffs due to random headlines about turnout and exit polls. So, why not a Hat Contest?!?
With the US midterm elections less than one week away, it's only a matter of time before the howls begin that Russia "meddled" and "stole" the elections, particularly if the R-republocrats somehow manage to maintain control of Congress.
Well...ole Turd just spent about an hour typing up a new post...only to mistakenly navigate away from the page and then lose it forever. I won't be making that mistake again. However, I'm going to type fast now in the hope of replicating it in some fashion.
Oh my, what an interesting week this promises to be. No doubt the volatility will continue in "stock markets" worldwide. But there will also be a massive Fed liquidity withdrawal on Wednesday and the BLSBS on Friday so buckle in and look sharp.
I'm just sitting here, laughing to myself as I begin typing on this fine, Thursday morning. All the talk yesterday about the lousy close, the horrible chart...and the ongoing, overpowering CB manipulation...and guess which side won out? Big shock there, huh?