John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: pcyhuang who wrote (14295)	7/6/2013 2:19:43 PM
From: John Pitera	2 Recommendations Read Replies (1) of 33421

Hi Paul, Crude has the added kicker this past week of the major crisis in Egypt and the fact that the SUEZ canal may beccome bottlenecked or dangerous to ship crude through.... and that vast implications for global supply for the a number of energy importing countries...... so As Art Cashin has laid out in his Friday comments..... (yesterday AM) We should be watching the in order of importance to the key drivers of the markets.... 1) the 10 year note yield 2) The USD 3) Crude oil prices--- due to coup in Egypt and potential for Suez Canal Supply disruptions.. .. He also commented about the skeletons in the closets and that calls were coming in from the senior Global Macro Positioning guys at the Hamptons telling the skeleton crew of Nubies... to stop buy stocks...with interest relates making a new multiyear high. The Gold Miners .... the HUI and XAU have done *precisely what AJ forecast a couple* of weeks ago and have been dipping back to test probe the lows.... tell me what you see in this overview chart of the HUI *20 Year Monthly Chart of HUI AMEX GOLD BUGS INDEX* Very important Trade meeting and other major Geopolitical events are occurring this weekend and this coming week... those forthcoming developments will impact all of the Global Markets. Thank you for your insights Paul... there are hundreds of Global Institutional, Hedge Funds, Family Offices... Endowments...major Foundations.. which are all reallocating assets and are using different techniques and have different time frames, risk tolerance and objects... John

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