[expat_panama]

Dang --that 300 max thing sure makes it hard to tell the story.  It's probably best to click the link and check out the WSJ piece directly.  Weird how those guys are now in favor of smaller less centralized gov't while IBD's going in for more control --per older thread: New Law Would Force Fed To Do Its Job, So Why Does Fed Oppose It?.  imho the clincher is the House bill itself (complete text of the law that the house passed) 61 pages of expanded bureaucracy, world wide expansion of the Fed's mission, and mindless central command micromanagement.

[expat_panama]

A very good morning to all on this half day after Thanksgiving --aka Black Friday!   Trading should be extremely light which means that whatever prices we come up w/ can easily move the other way on Monday, then again this may be a good day to unload a small chunk and a high price or pick up a great bargain.  Yeah, we also know that while gold'n'silver look like 'bargains' at $1,067.10 and $14.20 right now those prices can easily end up being the good old "high-prices-way-back-when" numbers.

Fwiw, the futures heat map (http://www.barchart.com/futures/heatmap) puts both metals and stocks now at +0.40%.  No econ reports today, the BEA must be on vacation something...

[o_1_2_3__]

Discretion is the worse possible thing. Besides “rules-based” things.

[Lurkina.n.Learnin]

“and mindless central command micromanagement”

That’s what congress does best.

[PGalt]

Rules Based Fed? LOL! Almost as funny as “House of Representatives”

ZERO representation