---
title: "Precious Complex"
url: https://independentstockanalysis.com/precious-complex/
description: "Yesterday the PM complex was whacked on a White House rejection of a Boehner offer. Blah blah, whatever. I didn’t look, but I’m sure the conspiratorial…"
published: 2012-12-19
updated: 2012-12-19
---

# Precious Complex

Published 2012-12-19

Posted on

by

J.J. Butler

Yesterday the PM complex was whacked on a White House rejection of a Boehner offer. Blah blah, whatever. I didn’t look, but I’m sure the conspiratorial goldbugs were screaming manipulation. But is a “High volume flushout with positive divergence in MACD, bottoms start like this” more than hope?

Gold, Silver Prices Melt As Stocks Rise; Time To Buy? at [IBD](http://news.investors.com/investing-etfs/121812-637500-gold-silver-etfs-melt-as-stocks-rise.htm).

Japan’s Shinzo Abe prepares to print money for the whole world in the renowned [Telegraph](http://www.telegraph.co.uk/finance/economics/9751609/Japans-Shinzo-Abe-prepares-to-print-money-for-the-whole-world.html). Upon reading the article, the title is not sensationalist in describing the world’s third largest currency and its race to the bottom.

Bitten By the Gold Bug was [John Mauldin](http://www.mauldineconomics.com/images/uploads/pdf/TFTF121217_4.pdf).

Fed drops the pretense, buys bonds by [Bill Fleckenstein](http://money.msn.com/bill-fleckenstein/post.aspx?post=45f00582-88a6-418c-908c-d97634710ec9). Cat calls for more continue: Time for Nominal Growth Targets at [Project Syndacate](http://www.project-syndicate.org/print/monetary-policy-should-target-nominal-gdp-growth-by-jeffrey-frankel).

Meanwhile, the housing market gets downright strong. HMI Hits 47…Employment Gains To Follow at [Value Plays](http://www.valueplays.net/2012/12/18/hmi-hits-47-employment-gains-to-follow/). The Housing Market Recovery Boosts New Car Sales at [Edmunds](http://www.edmunds.com/industry-center/commentary/the-housing-market-recovery-boosts-new-car-sales.html?mktcat=nl-internal_standard).

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