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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 (41609)12/11/2012 3:42:06 PM
From: Keith Feral  Read Replies (2) | Respond to of 222231
 
Gold has been tracking oil prices for the past 10 years. This is the first year where oil prices have succumbed to reality that $110 oil is lousy for the economy. Oil prices have decoupled from the market since June, and there is no reason to want to be long USO right now. I think GLD will eventually succumb like USO and trail off for a long time.



To: GROUND ZERO™ who wrote (41609)12/11/2012 4:15:32 PM
From: Vendit™  Respond to of 222231
 
Bonds also with a rally today.

Based on what I have read, the market is responding to an announcement that secret talks have been conducted between Obama and congressional leadership and they were closer to making a deal.

Based on the selling that started about 2 PM I say that this will be a short lived rally.


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