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Katok - money flowing into 10 & 30 Year US Treasuries. Fed has guaranteed $400B worth of purchases through to June! But this is from recycling their existing portfolio. i.e selling short-term bonds to funds long-term purchases. This is key. No new printing... How can you bet against the central bank? Gold and Silver outflows will likely continue. US indices will likely fall. I'm not convinced that our markets will fall as much. Commodities overall will get hit for 6 though which drags on our index - but I will be surprised if our industrials fall considerably from here.

Most likely see a stronger USD until they are tipping into recession - then expect QE3 via mass money printing.