| The pre and post-QE3 “specuphoria” that lifted certain assets quite nicely during the past quarter continued to show signs that it is disspating (at least until Fed President Evans stoked the bulls with visions of QE3 lasting through 2013) as “reality” catches up with overly bullish market participants. “Reality” as applicable to the markets means the situation in Europe, China, and the US.
The fourth quarter began with modest losses in precious metals as well as the US dollar and the euro this morning. Spot gold started the new month with a $3 loss and it was quoted at $1,768 per ounce in New York...............................................Full Article: Source
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