Post by
liljohnnyjoke on Jun 07, 2024 10:48am
Short Metals Today
With oil just hanging around WTI $76 there is no money to be made so THEY have launched short attacks on all metals today driving prices down considerably, some names will likely have a nice bounce early next week when metal prices rebound again.
Comment by
kegman on Jun 07, 2024 11:33am
Metals are getting pounded and OIL pulled back. Hmm, worried that rate cuts are delayed as economy is OK which means oil should be going up.....right? Upside down day.
Comment by
1234bmth on Jun 07, 2024 11:46am
Everything is upside down, economy is strong which means companies make money, yet their stocks going down due to higher interest rate, this inflation and interest rate story it's been 3 years now and it looks it will take another 3 years easily because the economy won't go down, this up and down play will continue for along time.
Comment by
1234bmth on Jun 07, 2024 12:12pm
And the victims of this story are commodity stocks, the rest of the market is doing good.