More venting,,,,,
"Tuesday’s meeting will close without a news conference by Fed Chairman Ben Bernanke or new economic forecasts to offer policy guidance. Instead, details on the thinking behind the Fed’s terse statement will only emerge from speeches by officials and the meeting’s minutes, which are released with a three-week lag."
http://business.financialpost.com/2012/03/13/what-to-expect-from-the-fed-2/
Its looking like a bond market sell-off is a foregone conclusion, but its been like that for months. No obtaining up-to-the-minute data. One thing obviously missed in the above article is not central bank buying of bonds out of the market, but the divestment of bonds into the market by participants, which hasn't been much of a factor as of yet.
Short term rates are expected to remain "low" but really they have improved measurably at the short end of the yield curve in the U.S. (and Canada) in the last few weeks, which will keep a damper on Yen advances and gold price moves. Rates in the U.S. continue to remain below the very important 0.5% level, and Canadian short term yields should eventually follow on the housing price asset bubble collapse.
On the long end of the curve, long term bond rates should rise to a certain point, but will remain within an average as central bank buying remains a factor.
http://www.bloomberg.com/video/88087814/
Could it be that AUMN is inversely correlated to the long-dated U.S. treasury bond market? Traders may have been selling the miner and buying the long bond. Any move by the bond market seems to be refected in share price valuations of AUMN.
Borrowed the above info from another post, but it seems to fit here too.
More venting and speculation on my part,,, just trying to get at the root of the market negativity.