The setback in gold and silver is in day 2 as it appears there is some more downside; see previous posts. We continue to expect the inverse relationship with equities and metals and if the market can get a clearer picture from Obama and the gang we would expect equities up and metals down. We [...]
What does Wallstreet want? More certainty and investor confidence to return. Geithner, Bernanke and Obama have yet to do either! Domestic stock market down 4% today. We are not telling investors to abaondon stocks but those who feel commodities are too risky what sector is risk free today… enlighten me. Oil broke $40 today so [...]
We started the week with an 8% move higher in Crude, but this is after a 25% reduction last week so don’t get too excited. The US dollar was 2% lower and is exhibiting signs of a top forming. If we see the dollar fade and oil move higher commodities are back. At this point [...]
