Morning post on the most eventful day in the financial marketsPosted: August 26, 2011
On the beginning of an eventful day today, I expect 2nd qtr GDP to be revised substantially lower at 8:30 am. More rumblings from Europe. And Ben Bernanke will likely be upended by markets forces getting too large to be manipulated by Central Planning cartel of the Federal Bank.
At this time Gold futures are higher by 1.5%, silver futures higher by 0.6%, and Dow Jones futures flat.