DOW 8,422.04 -52.81
NASDAQ 1,727.84 -6.70
SP500 903.47 -4.66
Indices pushed higher with lighter volume and failed with sell-off into the close.
The central bank private banking cartel will monetize more debt thus devaluing existing dollars. Federal Reserve officials Wednesday opened the door to raising the amounts of mortgage-related and Treasury securities purchases beyond the $1.75 trillion they've already committed to buying.
Crude oil set calendar year high. Metals higher. Continued dollar weakness.
GLD 92.29 +1.33. Futures contracts open interest has been increasing.
SLV 14.07 +0.09
PTM 14.03 +0.06
GMO 1.79 +0.10. Started long at 1.8. May hold this for awhile to have exposure to metals.
BAC Did secondary stock offering last night to raise a portion of the funds they need to get solvent. The retail investor rip-off continues.
XLF 11.72 -0.32. Gave up higher prices and volume came in. Heading for 9.41 from April 21.
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