No Inflation..yeah right 5/28/9
Yesterday’s lunch $17 at Wendys, today’s breakfast $13 at dunkin donuts,$47 in gas for my SUVand not even a full tank. Energies higher across the board, the leader of the pack natural gas up 8.5% today. Read previous blogs, we’ve been advising clients long positions. Try shorting the Pound againwith a stop above yesterdays high at 1.6084. Int’l currencies are looking toppy; we’re not advising going short to clients but take profits on longs and tighten up stops. Soybean spread; November over July spread came in 11 cents today. Silver at highest price since August of last year. We remain cautiously long but we bumped against the 50% retracement line today, next significant resistacne at $16.75. If gold gets trhu $975 look fora jump to $1000.
Tags: commodity, crude oil, forex, futures, gold, inflation, matthew bradbard, MB Wealth, natural gas, options, pound, reflation, resistance, silver, soybeans, spread trading
