POG and POS

Ben Bernanke said last night that it will be less likely that the USA needs QE this month. Because, it is not dishing out easy money, the POG and POS took a plunge.

One lesson is (I was already aware of it) that easy money causes the market to behave irrationally. Hence, for the longer term, QE disappearance is better. Most markets short term trends are determined illogically; something I cannot predict as events cannot always be foreseen. But you can be sure that gold and silver stocks will tumble today AFTER the announcement by the Feds.