Stateside's Canadian Core and Barrel Shack Message Board

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Gold/Mining/Energy : Stateside's Canadian Core and Barrel Shack

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To: statesidereport who wrote (4831)	1/12/2015 1:33:50 PM
From: statesidereport	of 8875

Gold Hits $1235 As Commodities Crash To 12-Year Lows Amid $45 Oil Submitted by Tyler Durden on 01/12/2015 13:21 -0500 The only other times that Bloomberg's broad-based (i.e. not all OPEC's fault) Commodity Index has fallen so far so fast was in 1999 (before stocks crashed) and 2008 (before stocks crashed). At 12-year lows, the raw material of the world's economies is flashing a big fat red warning signal that all is not well (despite stocks being a 'smidge' off record highs). WTI traded with a $45 handle... but apart from that, everything's great (oh wait and the 230 pip USDJPY roundtrip). Amid all this turmoil, gold just broke to $1235 - its highest in a month. Gold is resurging... As Commodities are at 12-year lows... WTI trades with a $45 handle... And USDJPY is in trouble...

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