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Commodities Inverse Plunge As Treasuries Catch Up To Stocks

By: capt_nemo in ROUND | Recommend this post (0)
Tue, 03 Jan 12 7:01 PM | 52 view(s)
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Submitted by Tyler Durden on 01/03/2012 - 09:59 Copper European Central Bank Sovereigns

We are 30 minutes into the day session. Do you know where your sanity is? Silver and Oil (over $102) are up 3.5% from last week's close, Copper and Gold up 1.5-2% and the USD down 0.7%. The USD weakness, along with Treasury selling, is enough to juice stocks up nicely as they catch up to yesterday's European extravaganza. European sovereigns are giving back a lot of their gains from yesterday so far but ECB buying chatter is supporting BTPs at the moment. US financials are up 2.8% as the Treasury-Stock disconnect of last week converges rapidly.


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http://www.zerohedge.com/news/commodities-inverse-plunge-treasuries-catch-stocks


firstdivision
firstdivision's picture

So what happens when Ben denys all these hungry QE3 front-runners at 2PM?

Looking at the leveraged ETF's, someone is selling this rally.




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