Gold, Oil & Indices (Equity & Bond Indices)

The FED doesn't print bucks just creates liquidity the PBOC however prints and prints...backed on USD based reserves. Now if USDx dwindles the Chinese face exploding inflation but no need to appreciate
as yuan falls with USDx. They are in the trap. If they hike inflation increases with hot money if not inflation increases as well. So they must do what they must do buy US debt! Buy! Buy!

with bernanke an obama making there announcements looks like there will be a santa rally but only for wall str,screwing the average citizen lol only taken care of there good ol buddies on wall str.higher oil prices for average joe this x-mas an tax cuts for wall str fat cats lol..pathetic both obama an bernanke lol :( gl guys things will prob be painful 4 a moment an still no word outta china(they must love watchn there usd debt dwindle down lol

Gunjack,

Winter aside, oil can't - & SHOULDN'T - surely be trading at $100 w/ Ireland & Co going around w/ the begging bowl?! Agreed that emerging economies are 'drinking' oil, but oil will have to, and will, be politicised during the next couple of years (as if it hasn't been in the past *sarcastic*).

I can be wrong - maybe a buck or two & then we should be heading towards the 80s! Hard to ignore the strengthening greenback.. ;)


Asad

I shan't be around to verify in 2072 Said.

Gold new high today at 1429. My next target for a reaction at 127% ext ret of last swing down @ 1450.3 or 161.8% @ 1483.4