Which Market is Best Performer Since Fed Decision?
Ironically, everyone thinks that gold has been acting terrible lately, yet it is the only one of our enclosed representative indices that has not yet violated its Sept 18-19 parabolic "no taper" price loop.
The e-SPZ (e-mini S&P 500) violated 1693.25 this morning, Crude Oil violated $104.40 yesterday, but so far, Gold remains 2.3% above last Wednesday's FOMC decision.
What does it mean?
For one thing, believe it or not, Gold is the strongest relative performer since Sept 17!