Just look at crude oil the past week...probably the single most important commodity in the world...up 10% in 3 days, down 7% the next and then up again close to the peak prices from a few days ago...If the most important commodity in the world can be whipped around like this, then the cb's have failed miserably with their "mandate's"...Illiquid, algo driven markets that front-run all hints at easing/tightening is a colossal recipe for disaster...market participants have no clue what "fair value" is and basically become momo chasers alongside the algo's...a joke.