Wind of change
Looking back in the week, the last few days have been somewhat different. With all the speculation about more QE in the past months, investors have been looking at equities as QE-sensitizers. It looks however as if the equity markets have been replaced by Treasuries and precious metals. With silver surging an impressive 9.4%k, its largest jump in 10 months, and gold soaring back above $1,650, a level not seen since April, it feels safe to assume that gold and silver could be acting as barometers of anxiety rather than of QE expectations.