In my humble opinion, Wednesday’s rout wasn’t a case of macro concerns, but rather the way the game is played at the micro (in this case the “super-micro”) level. Look at the charts… Once the Euro broke down at around 11:45 am eastern, the dollar surged and stocks tanked. Any questions as to the drivers here
Federal Reserve Chairman Ben Bernanke hinted that the latest round of quantitative easing will not stop “cold turkey,” but rather will gradually wind down and could possibly continue beyond the June deadline
In all, the Chinese economy is on track to expand at a healthy 9.7% rate annually
In all, the Chinese economy is on track to expand at a healthy 9.7% rate annually
With a sluggish recovery underway in Europe and North America and emerging markets enjoying unprecedented growth, metal prices are set to raise even further, making metals and mining-sector exchange traded funds potentially lucrative options
