Gold, Oil & Indices (Equity & Bond Indices)

DXY went from 81.2 to 80.4 (currently) - oil went from 84.94 to 85.35 currently. What does that tell you? Had the Greek b/out decision not taken place (well, it's STILL news so far), oil might as well have been 84.35.

A lot, though, depends on the US opening - they're the ONLY ones around the world dragging markets upstairs! Maybe they'll take oil higher?

But as the w/end approaches...expect it to tank!


Asad


P.S. Quit this & enjoy your vacations...

What do you guys make of China's $7.24 bln trade deficit announced this weekend? This sounds like its in line expectation of negative expectation. Somehow, I am guessing this is ammo they need to slow down the RMB appreciation pressure and potentially also rate hikes. Is this considered negative for the equity markets in China, which could propagate across US, and also potentially in commodities?

Guys,

Did anyone notice the unusual difference b/w contract prices of crude futures?

May: 84.92

June: 85.63

July: 86.52

Such large difference doesn't usually occur (or I'm reading too much into it). Logically, the preceding and following contract prices should converge; if not, then it's uh oh...


Asad

Ashraf,

A question for your consideration.

How do you analyse the Andrew McGuire story. This has had NO coverage in the mainstream media and EXPANSIVE coverage in the underground media. Unfortunately, the guy has been shut out by the CFTC - none really actioned his information. Weirdly, he was also part of a hit-&-run incident in London recently. The Cartel wants him out! For sure.

I, for one, CAN confirm that JPM (& Morgan Stanley) indulge in naked PM manipulation...but it never came to light...until now.

Again, how do you analyse this given that the price of PM has been manipulated downwards, what should be the real price? & the implication that there is MORE paper PM in the world than actual? Thanks!


Asad

@Callum: Looking at the daily, there is almost linear trend since the early february in both SPX and DJX which seems to be less natural in my opinion. Also the timing (friday close almost precisely at 1200 and 11000 respectively) smells like there is something fishy under the cover. But it could be just me looking for something where is nothing to look for ;) From my point of view, equities are set for correction but Im more concerned about GBP ;)

@sydneyjames: tnx for tips!