Daily Reading on the Financial Markets: 9/17/12
Chris Kimble notes that the U.S. Dollar is near key support while copper, silver and gold are all at key resistance, verging on breakout. What happens next will hugely impact portfolio composition over the coming months.
Manufacturing plummets in the Empire State survey. Maybe this is some of underlying economic death that prompted Bernanke to go full-bazooka on QE3?
From PragCap, Cullen Roche gives Paul Krugman’s argument for how QE3 could help the economy (specifically, housing).
From the Globe and Mail, tensions are rising between China and Japan.
Zero Hedge makes the case that market performance is more closely tied to economic growth than policy action.