Trade the Cycles

Tuesday, January 17, 2006

The Fed Provided A Huge +$16.75 Billion Repo Today To Index Traders

Trying to cushion weakness in the major averages, which is helping gold/silver stocks:
http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE

Once again there's big sell interest in NEM today, see: http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=NEM&range=0&mgp=0&i=2&hdate=&x=13&y=7

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