Bernanke Turns Markets Upside Down Again; TLT, Negative Yields & Gold, ADP, MF and A Smoking Gun at JP Morgan

• The area near the $1650 range has been a decent support area for paper gold futures. This morning it’s trading at $1625. It’s there due to yesterday’s Fed minutes. At the time of this meeting the Fed appeared not to be interested in easing U.S rates further. You will recall last week (after the Fed meeting in question), Bernanke made very dovish comments and stocks and gold advanced. This week, by way of the Fed minutes, the Fed appears to not be ready to do much of anything. I see this as part of the Fed’s open communications strategy.. read more here.... http://www.certifiedassets.com/inv/news/1941-2/