Thursday, February 11, 2016

ATTENTION...ATTENTION...ATTENTION...SELLOFF IS OVER. LOOK AT WHAT JUST HAPPENED!

THIS JUST IN...

YESTERDAY, $40 BILLION OF TAX REFUNDS WENT OUT! 

WHATEVER THE GLITCH WAS, IT'S OVER.

BUY, BUY, BUY!


3 comments:

diego said...

wasnt it made intentionally? Strange 40 bi suddently appears again on spreadsheet... anyway hope it works cz Im heavily shorted gold heheehhe See u mate... thanks as usual for helping information... cheers

mike norman said...

Diego,

For what it's worth...I went to a biotech conference these past two days and all I heard the attendees talking about was gold. Maybe short term top at the least. BTW...I am long USDJPY, so kinda the same position as you.

John Zelnicker said...

And there it is, Mike. The IRS opened electronic filing on Jan. 19, but all the W-2's and 1099's weren't out until last week. Looks like the IRS might have held back a few of the earliest refunds and has now released all of the first batch that filed through last week.

Seeing this disjointed flow makes me wonder if maybe the IRS is going to be paying refunds in large batches instead of maintaining a regular daily flow. Might be related to budget issues with the agency not filling vacancies and having a bunch of retirements. Work loads are being increased for all frontline workers. This from an IRS employee I know who said she was in two days of meetings about these issues.