|
Post by jeffolie on Oct 5, 2010 16:26:29 GMT -6
The currency wars have some investors and speculators placing bets that oil and metals will return large profits. Japan has twisted, manipulated and forced down its interest rate that it pays to about ZERO (today its is 0.0 to 0.1%). Essentially Japan will not pay you to loan it money. www.marketwatch.com/story/japan-c....?dist=afterbellAnd, if you pay a brokerage to do the transaction then you have a guaranteed LOSS. America is trying hard to lower its interest it has to pay to borrow money and America pays a merely, lowly 0.407%/yr to investors for its 2year notes. ===================================================== Commodities also rallied, with crude-oil futures closing at a five-month high, rising $1.35, or 1.7%, to $82.82 a barrel, while gold futures ended at yet another record high of $1,340.30 an ounce. www.marketwatch.com/story/crude-r....?dist=afterbell
|
|
|
Post by agito on Oct 5, 2010 22:26:14 GMT -6
I still say oil won't go above $90
|
|