Friday, September 7, 2012

Gaps Will Be Closed

In conjuring up the title of this post, I sort of pictured a very cinematic moment.  Imagine the end of a movie, a montage of scenes where all the various storylines are reaching a crescendo, all with a core character's voice serving as narrator, uttering the phrase above.

With that as prelude, I'm really thinking about the price action today.  This morning's job report was bad, bad, bad.  And now it would seem that QE3 is a fait accompli.  Gold and the miners like the news and have gapped up.  While it stands to reckon that they will continue to far higher levels over time, the gap from today will be closed.  That is all.

Broken Money

The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...