The initial knee-jerk taper-on move was met with reactive buying (as per trading guru Steve Liesman’s wisdom) but that hope bounce (really only seen in stocks) has faded now and assets are pressing their extremes. USD pushing higher, Treasury yields higher, stocks and gold lower… Of course, all it takes is for one algo to get the idea of pricing in the inevitable subsequent un-taper and to send the entire risk complex soaring. Silver is now below $20 and Gold is Limit Down
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/MGMcwfAxMeQ/story01.htm Tyler Durden