Nothingburger

This day is basically a complete nothingburger. You just know it’s gonna suck and thus far it has done its best to live up to our vastly lowered expectations. Forget about equities right now folks – the cash indices all look like crap and I don’t trust the index futures, especially ahead of the interest rate decision.

If you absolutely must dabble in equities today then reduce your position size to a maximum of 1/2R – better less. You’ll thank me later and perhaps you won’t wind up pawning your grandma’s wedding ring to afford that Christmas turkey.

UPDATE – Fed going to taper by $5 Billion a month (not willing to lose all credibility it seems) and we’re already seeing wild swings all over the place. Don’t chase this thing!

I had a beautiful silver and EUR/USD setup waiting for you but both got taken to the woodshed just now. So let’s call it a day and I’ll be back in the morning. Sorry for being able to offer anything of substance but this is a textbook ‘sitting on your hands’ day. Better luck tomorrow.

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Cheers,