GREY:URPTF - Post by User
Post by
fredviewon Sep 16, 2014 9:14pm
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Post# 22942399
Now vs a month ago
Now vs a month agoWe were at 5.25 a month ago when spot was at 28 and before the American dollar had its big run. With spot at 35 I would say we are getting ready for a move up. Volumes have been lacking thus far. We need to see a few days of sustained heavy purchases. It seems that the market is spooked and that the supplies may be in jeapordy as a result of sanctions on Russian banking. Who knows how long this will run for.