Market Update

(Before It's News)

A day that made nobody any wiser. In Europe Mario Draghi was talking about deflation risk and in the US Ben Bernanke was talking about short-term inflation risk.

The FOMC meeting just confirmed their September easing actions, but nothing else was to be expected this close to the election in 2 weeks.

At the end most markets were little changed and there is still no new momentum, but there is a slight bearish tendency.

Lets see what direction we get by tomorrow…

Here a couple of links:

•  Fed Says Growth ‘Moderate’ While Maintaining Bond Buying
• Australian Inflation Accelerates, Paring RBA Rate-Cut Bets
• Singapore Inflation Rises To 4.7% In September, Exceeds Forecast

• Should you Buy Silver, Given the Recent Fall in Price?
• http://nyti.ms/PqOMmn [del.icio.us]
• What #Caterpillar Inc’s Financial Results Tell Us About the #Mining Industry
• Let Me Destroy Two Myths In Media Today
• Why Electrolytic Manganese Dioxide (EMD) and Chemical Manganese Dioxide (CMD)
• Electronic Control Security, Inc. Awarded Contract Potentially Worth $7.8 Million to Supply Security Systems and Support Services for U.S. Navy
• Abzu Gold Increases Size Of Non-Brokered Private Placement To $3,600,000
• Silver Price Volatility 24 October 2012
• Premier Gold Reports Significant Progress at Trans-Canada
• Gold Price Holds Near $1,710, Awaits Fed, Bernanke