Wow, all day nothing then a surge up in the last 5 minutes of trading, talk about end of the month window dressing, another complete joke of a market being manipulated once again.
The fed is fucking with bond yields, too. They thing they're all mighty and powerful, but I would love to see these guys get burned.
My thoughts exactly...smacks of desperation. To be fair, some are buying purely b/c of inflation (perceived or real). I think we're gonna see some downside early next week..followed by more buying in oil, stocks & gold. August gold @ $1,000 has the crosshairs on it. DB & JPM would LOVE to slam it there!!!! It would be the fourth consecutive lower high (see weekly chart).
They can only float it so long. They're trying to keep interest rates suppressed too, and that's beginning to backfire. Sooner or later, fundamentals and rationality will trump all.