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Twist and Rout: The Fed, Markets, and Precious Metals

Saturday, September 24, 2011, 8:59 PM
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Bernanke, et al., stood pat, much to my great surprise given the macro data they had in hand, and the stock and commodity markets reacted badly. Very badly. The rout I had been expecting has finally arrived, albeit about a month later than I originally thought back in March.

What now?

First, let's revisit the views I laid out on May 12th in Positioning For The Coming Rout:

 

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