Fed meeting meeting this week, it is very likely that so-called "QE3" will be announced at the next FOMC meeting (Sept 12th and 13th). I added SPY Jan 130 Puts as a play on this call.
Oil
prices are moving mostly unchanged with
WTI futures are at $96.27 and Brent is at $114.12 per( Last )
Gold and
Silver are on the move this evening, I expect some sort of Cartel raid before the FOMC meeting at some point this week, must save face and make it look as if we are actually doing something. But the raid will not last long the bounce will be swift, but take advantage of the dip and add to your positions.
The
DOW, looks like it is ready to roll over so handle with Care, a QE announcement and the markets again will react swiftly. I am betting on the downside. I have other chips in other areas of the market to help take up the slack if my downside play should fail me.
Bonds...Comical, nuff said.
Bring on Monday and thank you for reading.
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