Update 8:31 am
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-63K.
Market plunge is assured. USD to test 1.5500 today and break.
Even if FED cuts 3% to 0% today, it cannot help.
Update 8:15 am
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FED to issue 50b in term auction facility.
Good, more monies for the Commodities rally, more fuel for the fire.
Well, not good enough to stall the Plunge coming.
Why does the market needs so much monies ? see where the monies is going to ?
the commodities !!!!. now the Funds cannot leverage, hence they borrow real monies from the Bank, who borrow from FED.
And FED knows it. Hence it is a FED sponsored inflation..
That is why the OPEC refuse to increase oil production, they know the HANK and BEN are hatching this plans for the benefits for the US institutions at large.
The current high Oil prices is actually sponsored by FED.
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The crash is coming. Today would be remember as "837 Black Friday".
All would crash, Gold,Oil, Commodities, USD as well.
If you agree that today, there would be a crash, pls click on the Google Ads on the right.
There are rumours circulating that the FED would give a impromptu hike.
In my opionion, unlikely, b'cos USD is already on the brink of collapse, Oil waiting to break 107.
If they do cut, the hell would break loose on USD. It would be knocking on 1.6000 next week.
Hence the Stock Market has to give. Expect a gap lower at 1270-1280.
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