Markets continue to trade off expectations of “tapering” in December and will listen closely to Yellen’s words at her confirmation hearings. This trader continues to be a non-believer. The suggestions, however, were enough to continue to pressure the metals and the equities. If Yellen indicates that there is just not enough evidence to warrant an end to stimulus, and certainly by the Fed’s metrics of the unemployment rate and inflation, we are nowhere near the Fed’s push point, I suggest we may have a rally into the close of the year.