Intraday Market Thoughts

Archived IMT (2009.05.26)

by Ashraf Laidi
May 26, 2009 2:59

Asian equities finally in the red, paring Monday's gains, which is stabilizing USD and JPY off their lows. With equities set to test key support and metals holding on to their highs, the Win-Win situations for gold and silver could emerge, especially as all eyes fall on this week's latest usage of the Federal Govt's credit card, with $100 billion in auctions and the AAA rating in doubt and in the limelight. Any sign of an unsuccessful subscription (low # bids for the 2, 5 and 7 T-notes) could be give metals an important extra boost.


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