ECB doesnt cut rates as Jean Claude Trichet gives the finger to the markets on the way out (good freaking riddance, ego maniac!). Now coming in from the bull pen Super Mario, lets see if he has the balls to stand up to the Germans. Personally I don't care, because I don't know what the solution to this mess is and I am pretty damn sure no one else does either.
And the futures plunged on the news they were up 12 on the S&P, Gold and silver also gave up almost half of the gains from this morning there was also news that BOE injects 75 billion pounds into the system. Again stocks need their medicine (as do gold and silver), without it we do not get over 1200.
Actually there are enough debt issues and bailouts and defaults to give the PM's a bid but they aren't going to go up because of the central bank assault on the metals as they devalue their currencies.
They will keep the prices down and orchestrate massive scares so the general public gets taken out and the rich will pick up cheap metal over time. That is the endgame. Read that article i posted from Jesse's site, the guy is brilliant.
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