Despite some bullish economic news out of Europe a lot of short covering is taking place from over subscribed shorts that is accounting for much of this rally today. The postive news also has the U.S.$ falling sharply with inverse markets rallying. And being Friday many of them are scrambling to exit these short positions driving prices higher along with others going long and enjoying a free ride up. Next week will see low volume with many traders big and small taking a few days off with the shortened week. Should see some very choppy/volatile markets next week. Tight stops wont last long.