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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
he said he expects an increase in commodity prices to create a transitory boost in U.S. inflation and that the central bank would act if hes proven incorrect.
That is not possible. Dr.Ben is not provable incorrect. Transitory can mean 10 years.
For commodity traders a difficult to assess situation. Oil? Politics & FED.
But silver.... looks like to go pop any time. I take a short in XAGUSD @38.6
108.67 to 109.87
110.64 to 113.45
current 108.31. Break down below 102.70 alerts reversal.