34 ordspråk av Kevin Kerr
Kevin Kerr
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This makes the short side of the market very nervous and as we see gold drop we also see it turn and then move higher twice as fast.
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Nigeria is the major driver behind the price rise. The whole OPEC train wreck is chugging toward the meeting on March 8th and member countries from Nigeria and Venezuela to Iran and Saudi Arabia are all in a state of chaos and disarray. Not to mention the fact that they all have some gripe with the U.S.
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The switch is not going to be that smooth. Within the next 14 days, I think we are going to see prices steadily climb.
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The oil markets are taking a deep breath of profits before what may be a headlong dive into another bull run.
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The supply numbers this week will be the key catalyst.
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I am excited to be able to congratulate the men and women who have worked hard over this past year and demonstrated the outstanding work that Greeks do at Penn State. We are hopeful that these chapters will be pioneers and role models as we move forward with our ambitious plans for enhancing the Greek experience at Penn State.
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Gold is exploding, and silver isn't far behind.
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Key resistance was broken overnight and, as we have been building support and healthy consolidation over the last week or so, now we have a firm base to move higher.
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The fear factor related to Iran is real, and an attack of some type is likely imminent from the Bush administration.
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The attack could be devastating to the remaining tattered relations between the Middle East and the United States.
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We removed the people who did not want to engage in the principles of the fraternity. There has been a huge difference in attitude and actions. They've went from one of the most troubling to one of the most outstanding.
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The gold market is fulfilling the promise that gold bugs like myself have touted for years: safe haven in uncertain times.
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We often see this sort of short covering in a record-setting bull market ahead of a weekend, since nobody is sure where we may be Monday.
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Traders are still stinging from the terrible inventory data Wednesday and in this climate, it's hard to deny that $75 is now here and $80 may not be far off.
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This has caused some traders to pare down their positions and re-evaluate their exposure. However there seems to be little lack of new buying on significant dips in the market.
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