IIFT Daily Note with Peter Brown

Metals rebound

Posted by:  |  Time: 7:41 am  |  Topic:
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A good bounce in Silver and Gold. S&P puts in another new high and retreats. Dollar weakens a bit. Fed Evans comments ended the lastest rally last night but the big event will be Bernanke later this week. It is highly likely QE will continue for a long time and this market rally will  also. 1670 was reached briefly and it is probable we will trade to that level again today. This market could be described as boring, same pattern everyday but for those buying this stock market on dips it is a printing machine.

Levels today are S&P 1670 1660  Euro 1.2900  1.2840

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