Tuesday, April 3, 2012

No New QE Near-Term

As I thought, the Fed minutes released today showed that unless growth slows or inflation falls below 2%, there will be no new QE (for now).  As such, I shorted copper (should have shorted silver, but didn't have a window up to do so at the time).

Short HG at 391, closed at 386.95.  Gain of 13.5%.

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