There is very little news today. The only real interesting headline is
from Appaloosa Hedge Fund President David Tepper telling CNBC that he’s
still bullish on stocks and investors shouldn’t worry about the US Fed
tapering its massive bond
buying program. This is really the first time that an influential hedge
fund manager is telling investors that the tapering of QE will not
cause a significant sell off in the US stock markets. I think the fate
of the commodities will be quite different when
the Central Banks does end QE and start raising interest rates. Gold,
silver, and platinum are still range bound today but palladium made an
breakout move above 725 on above average volume. We would buy the dips
and sell the pops in these seesaw markets. Have
a wonderful day.
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