Gold @ $1580/oz recovered $20+/oz after massive selling @ LME trading hours. All of the sudden gold is not a safe haven and USD is? Future traders are taking the FOMC meeting as a trading opportunity and it happened last time after Fed's operation twist. Silver dropped from $42 to $26 in 3 days !!! [more]
If ECB is not going to print much to buy sovereign bonds in EU, why should euro be weak? More printing means more valuable, says USD? What is the rationale?