Gavekal Capital: Taper Trade Back In Play

Friday, November 1, 2013

Taper Trade Back In Play

The taper trade appears to be back on this week.  Some of the basic symptoms of this trade are: 1) higher interest rates, 2) higher US dollar, 3) lower gold and 4) weakening stocks.  Charts below showing the last 10 days of activity reveal this sequence.

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