Major Market disconnect.It is very obvious that the market has become overly exuberant, extremely disconnect with realty and most certainly un-correlated.
With the FED's mention of extended accommodating I would have thought that GOLD & SILVER would have had a renewd sense of bullishness. IMHO the market is in the process of a serious equity transition. The MM's will suppress the precious metals to a level they desire and then they will lock in their equity profits and drive SP500 and other major markets lower as they load up on GOLD & SILVER.