Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Commodities Gone Wild

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Zero Hedge
Nov 19, 2012

It all makes perfect sense. S&P 500 futures are 33 points off Friday’s lows (Boehner’s ‘constructive chatter’ and Fiscal Cliff is fixed), EURUSD is rallying decently (Greece is fixed), and commodities in general have gone vertical. Gold is back above $1730 but its Silver and Oil (tensions rising – despite cease-fire?) that is running the high-beta pump this morning. WTI is almost 4% higher than Friday’s lows up near $89. The highly correlated nature of everything is perhaps merely sympomatic of a low volume week ahead and short-term oversold conditions – we suspect little is really resolved in any of these three ‘event risks’ and the same real-money anxious investors will use strength to reduce exposure further – since remember, if the S&P 500 is anywhere near its highs by year-end, there will be no fiscal cliff resolution.

Commodities Gone Wild  20121119 commod 0

 

This article was posted: Monday, November 19, 2012 at 10:11 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Ebola: Medical Martial Law? See the rest on the Alex Jones YouTube channel.

Keith Olbermann Trash Talks Drudge, Infowars In Bizarre Twitter Rant See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.