Overnight session:
Gold lost support on some Asian panic. There is a gap at 880/886, bulls will need to hold that area. Oil is still at the 134 level, even though the dollar has taken a tumble. Wild session.
ER is struggling with the 730 level and is looking increasingly bearish. We are having the strange combination of bond selling and equity selling. Someone has to give.
Inflation will be a problem, no matter what hype we get from Bernanke.
June 10 (Bloomberg) -- Rainstorms sweeping the biggest corn states in the U.S. are damaging a crop that's already failing to keep pace with global demand for food, fuel and cattle feed.
Gold lost support on some Asian panic. There is a gap at 880/886, bulls will need to hold that area. Oil is still at the 134 level, even though the dollar has taken a tumble. Wild session.
ER is struggling with the 730 level and is looking increasingly bearish. We are having the strange combination of bond selling and equity selling. Someone has to give.
Inflation will be a problem, no matter what hype we get from Bernanke.
June 10 (Bloomberg) -- Rainstorms sweeping the biggest corn states in the U.S. are damaging a crop that's already failing to keep pace with global demand for food, fuel and cattle feed.
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on Tuesday, June 10, 2008 at 6/10/2008 05:50:00 AM.
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