re volatilityThere is going to be some big moves next week.
We just saw a massive paper short on gold which looked desperate,
it could be they are out of time 1 week away to make all their moves.
I expect GS or JPM did it to pick up all the gold long and miners they can get until the meeting and ride it up.
Physical is still in high demand, these low prices spurred so much buying comex is running low and no one is selling down at these levels anymore the price has to rise to 2k just so people decide to sell it again to replenish the comex vaults.
or gold goes to 50k which could happen if prices don't rise and Asia keeps buying.
there won't be anymore physical gold at the comex.
For the US markets, I suspect they will sell off big time on the fed meeting qe1 2 twist and now 3 have created a bubble. the only way to keep it from bursting all the way down to qe1 levels is to do QE4. but if they don't we will see a sell off.
The US economy is screwed either way, QE didn't work at all just inflated the USD and created a low rate credit bubble again as rates were too low for too long and people just went into debt again. I wouldn't expect any huge recovery coming with rates rising and debt levels high.
they need high paying jobs not cars and houses.