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Comment: It meant a little more than that to the Gold market

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Michael Nystrom's picture

It meant a little more than that to the Gold market

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?s...
(down 1%)

And to the US Dollar
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?s...
(up 1%)

- - -

It definitely means SOMETHING. If the Fed isn't going to QE Congress's @ss forever, then who is? Anyway, we already knew they weren't. If something can't last forever, eventually it ends. This ending is coming a little sooner than expected.

The Fed is sending the austerity signal: We're cutting you off. Time to sober up.

Whether that news comes from your banker or your bartender, as I said below, it is inherently deflationary. No one ever wants to quit the juice.