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

To: Vendit™ who wrote (41267)	12/4/2012 3:20:51 PM
From: Keith Feral	Read Replies (1) \| Respond to of 222738

I'd be shorting the maturing buy signals on GLD and buying the mature sell signals on the S & P at some point. Rate decision by RBA is the 6th rate cut they have seen this year, down to 3%. I think they are still frustrated by the strength of the Aussie dollar and will keep cutting into next year til the Aussie dollar becomes more competitive. Their mining exports are hurting from a strong currency, and their labor rates continue to see downward pressure. I see a secular shift in lower commodity prices over the next year or two. The spread between Brent and WTI is going to move lower over time as global oil prices move back towards $92 in 2014. The backwardation in Brent prices is about $1 a month for the next 2 years. Lower oil prices will be the silver lining from this phase of the global recession. I can only assume gold prices will basically follow oil prices lower.