but IMO today's price action was based on a shorter time frame, daily is still OK for a long. I could be wrong of course.
yep, all short term but higher crude helped metals for only a short time and then down hard........ maybe we have to go back to $550/$9.50 one more time
what a difference a printing press makes....... Good ole BennyBurn is back on the reservation....churning out greenbacks in the name of truth, justice and the American way.....
It's clear the Fed wanted the market to rally. It's sad that politics has infiltrated every sphere of American life. Where's the independence. Who honestly believes that inflationary fears are "contained"??
crude oil and gasoline prices refuse to break lower.... we have to monetize it or you get a '73-'74 market.....so you exclude from the inflation numbers anything you need to monetize basically, Ben has little choice IMO.... he can't bust housing and a dollar crash is the lesser of 3 evils... who gets hosed? ...US workers and real wages..of course
SIU06 just broke 10.80.......... "Kirk to Ivanovich...beem us up....do you read...beem us up" "Scotty...Spock...do you read...over"
Sep futures on comex and ecbot got above $11.00 again but profittaking has so far kept them from staying up there PS ... shortened holiday hours today and early next week for precious metals