Markets Are Erasing Their Overnight Losses -- Precious Metals Still Down

Feel free to skip if you think it’s insane to pay attention to what happens over the space of a few hours (or a few minutes), but interesting that once again stocks are clawing higher, and the dollar is up, and gold is lower.

Since October 14, when Bernanke gave his speech, the market has been making a move towards this direction (which is, really, the goldilocks scenario we described last Friday).

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