PM update (2):
As we approach the Fed announcement, I suspect that the one problem would be too dovish a statement which would send gold and oil up on inflation fears. Feds need to hold rates, but must put out a strong statement on inflation if they want to keep oil down.
AD lines are not making new highs, VIX no new lows.
As we approach the Fed announcement, I suspect that the one problem would be too dovish a statement which would send gold and oil up on inflation fears. Feds need to hold rates, but must put out a strong statement on inflation if they want to keep oil down.
AD lines are not making new highs, VIX no new lows.
This entry was posted
on Tuesday, August 05, 2008 at 8/05/2008 01:38:00 PM.
You can skip to the end and leave a response.
» Post a Comment