I believe a rate increase could be priced in the gold market. But definetly not in the finance market
This is why I'm 50/50 on hold or raise
The dollar has gotten stronger lately - because of increased fokus on inflation and thus higher rates Or a simple bounce due to summer votality that will bring $ down when rates are on hold
We have 4 months to Election. Summer typically is a high demand period for oil. Miracle of miracles oil is dropping! Must be because all the speculators are running scared...not! Gas at the pump is going to drop soon. America is voting!
Just made a funny comparison
ReplyDeleteGMO and UYG have moved nicely together since Jan 08
So GMO is following the main market more than the commodity market - maybee I should sell it before friday :)
Regarding rates on Tuesday
ReplyDeleteI believe a rate increase could be priced in the gold market.
But definetly not in the finance market
This is why I'm 50/50 on hold or raise
The dollar has gotten stronger lately - because of increased fokus on inflation and thus higher rates
Or a simple bounce due to summer votality that will bring $ down when rates are on hold
The upcomming days should give a clearer picture
Bottom in Oil?
ReplyDeleteWe have 4 months to Election. Summer typically is a high demand period for oil. Miracle of miracles oil is dropping! Must be because all the speculators are running scared...not! Gas at the pump is going to drop soon. America is voting!
Added SKF $118.11
Make that 3 months....
ReplyDeleteAugust, Sept. Oct. Nov 4th.