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

To: GROUND ZERO™ who wrote (41207)	12/4/2012 9:45:53 AM
From: Keith Feral	Read Replies (1) \| Respond to of 222735

Risk reward in gold looks very poor right now. More downside than upside. Australia cut rates again which is probably bearish for commodity currencies, despite the fact that the Aussie dollar is higher today. Every time they cut rates, they close the interest rate spread to the US dollar and the Euro. Brent is beginning to roll over again despite the dollar getting crushed the past few days. This really isn't what the Gold bulls want to see right now. I think crude will be a short target for a long time to come, across different spreads and products. Over time, lower energy costs will only build more consumer confidence and improve GDP growth. Obviously, that should weigh on materials and energy sectors, but help out elsewhere.