RE:RE:Continued pressure on oil/gas priceEbankbank, I think you're right in the short run.
For example, tomorrow the FED will issue a statement on the FED rate increase. It may be zero to acknowledge the "broken banks". I tend to think it will be 0.25% to show determination coupled with their own variety of compassion. Or, it may be 0.5% to show determination with a statement of their narrative of whatever caused the bank problems and that their excellent decisive action has corrected said problem and they can continue putting people out of work and driving them out of their homes that they foolishly bought based on low interest rates; the proper ship is moving all steam ahead.
But, the big questions are, related to your post:
How will gold react?
How will oil price react?
How will the Dow Jones move?
In the short term, the markets will move where ever the powerful want and then the chattering paid experts will tell us why.
By next Tuesday, I think we will see commodities and stocks turn toward a course based more on fundamentals and less on pushed narratives. In the end, I believe oil will be driven higher based on supply and demand.
It's a long road. I don't think anyone of us on this board knows the planned agenda of Wall St and Bay St for the next three business days.
For example, will 0.5% show confidence and a decrease in gold, an increase in oil and an increase in the Dow? Or, will 0.5% show clumsy foolish tone-deaf nonsense from the FED, plunging the markets into dispair, a decrease in all sectors and commodities.
It's not even interesting to watch. But, I will.
cleareye.
Ebankbank said: The markets are controlled by a very few people, the only thing we can do is jump on and off the ride and try make a few dollars along the way.