NG as in nova gold?
what price do u see oil going? oil has been playing in a 70-80 range ..i feel that it's been increasing far too fast imo ..read some articles from BB saying oil will reach 80 and then face significant downward pressure to 55 /barrel (which i think is ridiculous) .they are...
didn't get into oil today as it recovered to 71 and change
i feel there is some downside still - we'll see how mkts open up next week
i didn't avg down NG @ 5 today either, i was a bit scared to put more in it, as 100% of my acct would be in it ..i'd rather not keep it all in a gold stock that...
chief i do my DD and take into account what goes on in the markets, i have access to bloomberg at work so that's very helpful ...i'm not "calling stuff"
i'm talking about the premise of carry trading (borrowing money of a currency with low rates and investing it in another currency) ..int rates are low not just in the US, but in Europe, etc
also, thinking about it..how valid is the whole dollar trade? where else would investors be putting their money in...the classic USD/JPY example is no longer really the case
i get what your saying...the markets are trying to determine the correlation between the US dollar and commodity prices. I'm prediciting that the relationship won't be as "correlated" as it once was, as you're right, oil wouldn't go down to 50/b if the dollar was to go up to 1.15.
thanks
excerpt from an article
Housing is falling. . . Interest rates have nowhere to go but up. . . Higher taxes are a given. . . and there is no brewing innovation with the same power that tech had to lift us out of our doldrums.
What's worse, Americans have more than triple the debt they had in...