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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Keith Feral who wrote (37093)8/29/2012 11:51:40 AM
From: FCom777  Read Replies (1) | Respond to of 218514
 
Not sure what you mean when you say:

"I don't think there is any reason for commodities to be touched any time soon."

Are talking in the context of concerted Fed action to drive commodities lower?

If so, then I'm not so sure about that. Lower commodity prices give the Fed cover to flow additional liquidity into the system. I'm seeing patterns in the PM markets that suggest that Fed and Bankster buddies are getting ready to harvest all the PM bulls that have recently positioned long. How better to prepare the market for an announcement of additional easing. Actually, when will the Fed give an announcement - on Friday or sometime over the weekend? Not sure about this ... and it makes a difference ...

Would not be surprised at all to see commodities whacked to the end of the week along with equities. Seems like an awful lot of bulls out there ... and everyone seems conditioned that the Fed won't let equities go lower. Think a move to 1360 or so by the end of the week is entirely in the cards ...