I think there is a general uneasiness that the FOMC will be ambiguous with their decision on QE at the meeting next week.
People at least need to be prepared for a possible selloff if the FOMC aren't highly proactive in their move to buy up treasuries and I'm talking more than a staggered "wait and see" approach.
Markets have already factored in a lot of QE hence are trying to anticipate the decision through buying up risk assets early.
Therefore precious metals and commodities are at risk in the short-term imho. I currently hold no gold or silver stocks but will be ready on the sideline to pounce on value if stocks get oversold.
That includes buying more OVR.
OVR Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held
