Gold, Oil & Indices (Equity & Bond Indices)

from a macroeconomic view - that is the one that always determines prices at the end - I see more trouble ahead. China, at first in Bejing, has put a cap on automobiles permits due to
smog. If that goes countrywide .... already China auto stocks fell around 7% after the announcement. Because the environmental situation is worse than in Bejing elsewhere, where far more cars are sold than in Bejing. Very bad news for especially german car makers.

@Catnip - China has delivered a lovely Xmas present for the west and us bears. Historically I-rate rises NEVER ever lead to soft landings, no matter what economists and talking heads on CNBC might say. We might not get an immediate impact to this rate hike, but the shorts are def mobilising a gathering storm is approaching.

BOOOOOOM...yes Catnip u said it homie. Can't say I know but what impact does every 1 buk increase in the price of Oil have on the Chinese and Indian economies. These guys are already fighting inflation at high levels. Only a matter of time b4 both have to raise rates...actually they don't even have to raise rates...Just the potential threat of China raising rates will make the mkt sh*t it's pants.

If nimble could play Oil on both sides...lets see what happens when mkts re-open after xmas

while some vodoo the power of P&G's head and shoulders something is happening that will
end a couple of bull dreams quite suddenly

China shares extend their falls following news the Ministry of Finance fails to attract enough bids to sell all of its planned CNY20 billion 3-month bills in an auction. The Shanghai Composite Index is now down 1.2% at 2819.72 and analysts peg support at 2800. The MOF's unsuccessful bill auction is fresh evidence of tight liquidity conditions in the market, due to China's three RRR hikes since November and rising cash demand near the year-end. "Institutions are inclined to expedite pocketing in some profit," says China Post Securities, adding "the situation will increase the likelihood of a bearish market in the short term." Banks continue to fall on various news reports that China is likely to use new measures, such as special RRR hikes, to rein in credit expansion next year.

Incidentally, the last time China had a failed bond auction was in mid April, just as the stock market hit its then 2010 highs, only to be followed by a drop to the year's lows.

so it will be. Forget aussie copper nickel oil long play short

Gunjack, I am watching how you play CL. I have never had any fundamental opinions for the instrument except back when opec seemed to hold the strings when prices were too low. I am only an occasional trader of CL and have always traded my normal methodology from chart analysis. I agree re the channel might hold. GL my friend and cya after XMas.