Self promotion: Fast Facts Before Tonight's Debate- Live Stream here at 9PM ET
Gold vs the S&P Post Fed Meeting
On Wednesday, The Fed announced it would not be raising rates. Bonds, Stocks, Gold, and Silver all rallied on the news. However, compared to the past, the Fed's intended effect did not last as long as they'd like. Similar to an addict building up a resistance, the stock market gave back almost all of its gains within 5 days, and is jonesing for something more powerful.
Meanwhile, Gold has held onto its gains, actually adding to them as the S&P starting to give its own back.
Performance since Wed 2PM
S&P 500 2143 to 2150= 7.00 points = 0.3% gain
Gold $1330 to $1344= $14.00= 1% gain
Coverage Sept 21 Fed Meeting here
Today
- Technicals: Gold Won't Listen, potential Silver Squeeze on way
- AM: Gold Strong on EU Worries, China makes Silver Suffer
- Nestle is Selling Canadians Their Own Water
- Why Dilbert Author Scott Adams Now Backs Trump
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