The 'Heart of Gold' went back into reverse
On Tuesday, October 19, the Heart of Gold -- in this event represented by the S&P 500 -- went back into reverse after being power ahead by its famous Infinite Improbability Drive last Friday when NYSE TICK data and market internals were heavily lopsided in favor of a lower close, but the S&P 500 defied all probabilities and odds and closed up.
The price of gold continued to hit record highs Wednesday while the US dollar remained in its downward trajectory as investors bought dollar-denominated assets and sold the greenback in the wake of comments by Federal Reserve officials, Dow Jones Newswires reported.