And… the Money Shot: Fed Cuts .5% to No One’s Surprise

Of course, we knew it was in the bag the whole time. But today the Fed plays its role of hyper-sensitive micro-manager of the leveraged system to perfection. Click headline, get article (if you want).

Corona effing virus strikes again. Now the game is to determine whether we’ll sell the news, fill the upside gaps, allow gold stocks to go back to acting as independent counter-cyclical ballast to cyclical risk ‘on’ or some other mix of scenarios. There are a lot of ’em flying around at the moment with sentiment completely involved and now too, the Fed.

Side note to subscribers: The Tweet box on the right sidebar announces a new (and very short) note about GDX along with a daily chart. Just trying to make sure anyone who wants that info is aware that this will be the preferred way of providing brief, but often more dynamic in-day updates.

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