We were driving for most of this week and I didn’t really get caught up much at night on the many goings on in financial markets – the silver flash crash on Sunday night followed by some more wild market moves in Japan and then the confusing word from the Fed via testimony by the Bernank, April meeting minutes, and various Fed speeches.
The gold price had some remarkable ups and downs, mostly while we were on the road and, between coming close to the Oklahoma tornado and then trying to find out what happened (and if we were in danger) the XM radio dial didn’t stay on Bloomberg News for very long (which is kind of unusual). This week in particular it seemed that markets have really become unhinged with traders fleeing equities as fast as they sold gold last month when it looked like the Fed’s money printing largess may soon come to an end.
It all kind of makes you wonder where this is all headed.
