Wednesday, July 16, 2008
Big Drop in Oil - Gold Going Up - What's Next
Looks like it may be an up day with Oil dropping in Asia today. No I don't feel sorry for those oil traders - they've seen their hey day - at least for a little while I hope. I would like to see gas prices drop below $4 just like everyone else. Yesterday the market did drop quite a bit but ended up correcting itself but I still see it dropping even more gradually the rest of the week. Financials led that drop with little recovery. You will see alot of people getting out of commodities because of the oil drop. I like reading the Nikei news at about 2 am to see what the other side of the world is doing. Have a great middle of the week.