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Commodities Briefing - Categorized | Commentaries, Market Moves more

Commodities turning bullish?

Posted on 17 March 2009

From Examiner.com: Oil and Gold have been putting on a bit of a bull run. OK, this isn’t news on Gold, but Oil has been a little surprising. Interesting note on both of these charts is that the GLD etf just bounced off of its 50 day moving average and Oil is fighting to get above the 50 dma.

I trust gold here more than oil. But the analysts in the video talk about a “reflation” story - and if that happens, get long oil….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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