Euro, Gold, Oil, Commodities all making a bounce after the drop yesterday to KISS GOODBYE. (this is wrtieen when Oil hits 102.8, Gold 979, Euro 1.5255.)
The Oilman has been warned not to take the game too far. The myth that Oil is high b'cos of China, India consumption. That is a farce, because China, India consumption has been there all the while. China has its own secured supplies.
Bush is himself a Texan oil mogul. When he talks down Oil. He is giving a signal.
You see now the Turkey invasion has died down, Israel pull out of Gaza, Iran sanction has come and gone at the UN security council. All the dramas is now drawing the curtains.
Hence all the Funds have all aligned to sell and take profits, and plough them back into the Equities.
the low in US indices were made yesterday with SPX at 1307. The much anticipated rally has started. The reason, is too easy to guess. A much stronger NFP, (afterall these are just statistical manipulation). While ADP has given a false indication.
(you wonder why indices rally after ADP show negative ?)
It is all in my head. I read tommorrow newspaper today. I have the supernatural power to walk the parallel universe.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment