Follow the markets with Dow Jones is at a fresh yearly high while gold continues around $ 1100/oz and oil at $ 80 a barrel. Same old situation, dollar is back under pressure, with commodity currencies leading the way. At least EUR/JPY reached the proposed target of 134.20 before giving up. Expect further dollar and yen loses as long as stocks keep running higher.
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dear val,
how long do u see stocks and gold will go higher,
of course there will be some limit
whichever goes high will have a down fall
ur comments are appreciated
Adnan Butt
Hi Adnan, i have just made a post on gold. and i do believe yes both indexes and gold, will not only find a limit, but fell like stone at that time. Hope to exactly know when… The fact in gold at least, is that from a technical perspective, we have no signs of that. And in stocks, as commented in yesterday’s opening post, as long as Fed keeps printing money people don’t use, but banks accumulate, and invest in stocks, rally won’t be over.
Regards
Val