'Fast Money' Recap: Gold Conundrum

NEW YORK (TheStreet) -- The markets ended slightly lower Tuesday after the Federal Reserve Open Market Committee said it would maintain the current low-interest rate environment.

The Dow Jones Industrial Average fell 17.24, or 0.16%, to 10,433.71, while the S&P 500 dipped 0.59, or 0.05%, to 1,105.65. The Nasdaq fell 6.83, or 0.31%, to 2,169.18.

Tim Seymour said on CNBC's "Fast Money" TV show that it was a "tough" tape today, with a lot of data coming out, including a revised third-quarter GDP, Fed minutes and housing numbers, and different interpretations as to what they meant.

For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw on TV

Pete Najarian noted a pullback in volatility and light trading volume that should continue through the remainder of the week.

Rick Santelli, the moderator of the show, was surprised that the revised third-quarter GDP figure of 2.8% from 3.5% had no impact on the markets. He said that means that the markets are going up for reasons "outside the fundamentals."

Karen Finerman agreed, saying that fundamentals won't play a role in the market's direction in the short term. "It will in the long term," she added.

Santelli noted gold was up for the eighth consecutive day. Guy Adami admitted he "clearly missed the boat" on this trade. But he said what worries him is that he can't think of any scenarios that would send the precious metal down.