Wassup with the markets?

The non-Federal Fed, at least one branch, announced the potential for GDP growth of 5.4%. That number spooked the other lemmings who decided interest rates might need to be hiked another time. The whisper word is INFLATION. Suddenly bonds put on lipstick, heels and a slinky outfit and money started dating them, leaving equities sitting home. Bonds are safe, especially when interest rate are going up and Obama isn’t in office.

Everything else took a hit too including metals although they fared better than the tech stocks.
At this moment it is 09:05 and the DOW futures are off 153. 25 minutes to the opening bell.

Here is the Kitco spot quote board for London Sydney, Hong Kong, Zurich and New York.

[Most Recent Quotes from www.kitco.com]

Remember metals are calculated in troy ounces. 12 oz = 1lb NOT 16oz = 1lb


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