Metals ETFs Up Huge On QE2 (JJC, PPLT, SLV)

The metals market is skyrocketing, with gold up $40 an ounce, silver up over $1 and copper up 11 cents. This all comes on the back of an additional round of quantitative easing from the Federal Reserve. These are parabolic moves, and we very well could see moves and swings like this for at least the next few days, once everything is fully digested. ETFS Physical Platinum Shares

is up 2.5% in premarket. iShares Silver Trust ETF

is up nearly 3%, and iPath Dow Jones-UBS Copper Subindex Total Return ETN

is up 2.4% in pre-market trading.