The markets were flat, and in my opinion extremely extended but i have to admit they have held up more than i expected. I am more neutral now on the markets since if QE2 is announced the markets will rally much higher. Remember though that QE2 is literally printing money in our new day and age. So this is also extremely bullish for gold / silver.
The two metal stocks i am holding are doing well, AXR had a 6% increase today while SBB has been flat the past two days holding above the 4.09 level.
CPI / PPI is coming out Thursday / Friday so it will be quite interesting to see how this week will end.
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