Gold, Oil & Indices (Equity & Bond Indices)

it appears the gold slver rally which is not followed by industrial metals nor by oil nor by soft comodiities has to do with SNB's and BOJ's reluctance to intervene ... SNB has once intervened in asian market so i am careful with gold long overnight ...i've heard SNB cannot tolerate EURCHF USDCHF ratios which were already reached in today trade ... may be rumors BUT the only reason for gold is at present a somewhat inflationary outlook in USD heated up by some quarrelling debates in FED and that is not so new

@Lucky careful with the silver shorts...there is real appetite for the shiny metal and it bounced off nicely from it's 23.6% fib level this morning

Look, there was absolutely NO reason for oil to run to 75 like it did yesterday...except, ofcourse, insanity & irrationality!

Barring the ME scenario, I repeat & reiterate, oil is heading lower & most certainly heading to 70 (even as we speak). Yeah, common sense doesn't apply to market (how else would we make/lose money?), but even an ill-focussed analysis would tell you the sluggish demand for oil matched by uber-flowing inventories!

Why else then, except the ME scenario, should I bet on a rising crude...??


Asad

ma'am washington dlaba

ashraf&forum...ive been watchn my usdcad an don;t really like what i see oil held up really good but usdcad was very strong today..my concern is if oil falls back to test 71-72 range wouldn;t usdcad run up past last weeks high of 1.0650-75 range..im thinkn 1..07-1..08 could be hit with a drop of2-3buks in oil..also theres quite a few pl calling for sub 70 oil which can;t be good for cad..ok thanks for your thoughts an gl:)