Tomorrow, Obama will appoint Yellen to chair the Fed.
Yellen is known to be quite dovish on "loose" monetary policy to bolster the economy. (There will be no tapering....IMO). This announcement should be bullish for PM's but who knows anymore whether anything can be bullish for PM's.
" WSJ reports that Obama is set to announce Mr., pardon Mrs Janet Yellen as Bernanke's replacement tomorrow at 3 pm at the White House. "The nomination would conclude a long and unusually public debate about Mr. Obama's choice which started last June when he said that Ben Bernanke wouldn't be staying in the post after his term ends in January. Mr. Obama gave serious consideration to his former economic adviser, Lawrence Summers, who pulled out in September after facing resistance from Democrats in the Senate."