Gold hit hard in past hour. Is that from FOMC minutes?

The traditional investor, for endowments, pensions, savers, and so on, was happy with a reasonable yield of a few percent. A common pension metric was in the 5 to 7 % range.

If the available choices are artificially constrained to risk(ier) than simple yield of a few percent or no yield and no principle risk; then a real problem is created.

This would appear to stymie the engine of markets, the efficient allocation of capital. If bad enough, perhaps even capital flight. Companies stashing cash overseas is an example.

Nothing good can come of this.

It is, strictly speaking, a milder form of the Grecian (and others) style of mandatory "bail-in."

Not often discussed here per se, but occasionally one can read serious policy balloons on somehow taxing the massive balances accumulated within 401k accounts.

Matt was right about SBUX:  Starbucks to Pay $2.79 Billion to Settle Coffee Dispute

Phew. Icahn sure stunk up the place!

Steveo: Is the action in JO - perkin up - for real? Or just decaf?

HDMI rocks! I use my HD 50-odd inch television as my monitor for the PC.

Same or better specs vs. the best monitors available, until the new 4k's arrive. Even then, the real estate area is still much larger. In this instance, yes size matters.

It's just a cable to swap between sources. Some even have multiple HDMI inputs, so one just uses the remote to switch the 'channel.'

Forex is the answer: Yen getting killed.

Let's have more of both! Sounds good to me 

Just wait. In a few years, she will come to you for help, "Mommy won't let me [blank]!"with wailing, antics, etcetera.

Moon Cycle Chart with Op-Ex

$900 gold!

Strange: On a day when US Dollar down modestly, copper is down hard. China's influence on the orange metal?

link:  MARK HULBERT: Why aren’t gold traders more scared?

By  Mark Hulbert, MarketWatch 

CHAPEL HILL, N.C. (MarketWatch) — Gold traders aren’t running scared. And that’s why you should be.

Consider: Gold  GCZ3  -0.14%   has fallen nearly $70 so far this month, and $140 since late August — including another $3 in Monday’s trading. And, yet, in response, the average gold trader is not nearly as upset as he was on the occasion of prior price drops of similar magnitude.

That’s worrisome from a contrarian point of view. (read rest at link)

Bonds in US and gold all going down too. Somewhat odd yes. Sounds like deflation to me.

Perhaps this is what Ben et al. saw and caused the taper to be delayed.

My price target for gold is $900. But it will likely go much lower in the fullness of time as measured in years.

Kent Brockman:  "Turning to the stock market, animotion is up an eigth..."
Homer:  "Yes!"
Kent Brockman:  "After plunging 75 points this morning."
Homer:  "Ouh.. I hope plunging means up, and 75 means 200."
Kent Brockman:  "The firm declared super-duper bankruptcy. Which is terrible news for the company's only stock-holder..."

Must have been a good triennial plenum and reform packages from the CPoC this weekend.

China up large and all Pac-rim doing very well tonight. Yen breaking down vs USDollar.

Did Ben really say that (set record straight ...)? If rbreeze is saying it today, I'm more inclined to believe this! 

Would not be surprised by some Chinese news. They're having some high-level government event this weekend, which includes announcements of economic reforms.

The idea of a head-fake makes sense here. Perhaps twice up to this line makes a double-top?