Metals: The reelection Of Barack Obama likely means the easy money policy enacted by Ben Bernanke will continue unabated. It is widely accepted now that the printing presses in DC will keep humming and the inflationary ramifications of that will keep metals flying high. That was the initial reaction last week but futures have settled down now awaiting to see what Congress will do with taxes and spending by year end. Our economy remains stuck in neutral at best and the thought that a worldwide economic slowdown may be looming has tempered enthusiasm for long metals positions in the short term.
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