Just broke 40.

BigRick · May 3, 2011 11:50PM

At least the COMEX July Future did @ about 9:37a CST (guess if I had woken up late my prediction in the other thread would've come true).

Justacommeman · May 3, 2011 11:52PM

This should make just about everybody happy. MJ

CoinCoins · May 3, 2011 11:59PM

considering i put a lot of eggs in the basket yesterday... i wouldn't call it 'happy'

cladking · May 4, 2011 12:03AM

We're closing in on a 38.5 GSR.

I doubt we'll go much below it before a large rally.

akuracy503 · May 4, 2011 12:25AM

Just something to consider with the ECB conference Thursday we could be looking at EURO version of the Fed meeting last week which may strengthen the dollar short term...

Justacommeman · May 4, 2011 12:33AM

The only difference and it just may be a small thing, but the ECB may just actually do something at their meeting. Raise rates? Euro strong today leaning into the meeting, MJ

cohodk · May 4, 2011 1:00AM

<< <i>The only difference and it just may be a small thing, but the ECB may just actually do something at their meeting. Raise rates? Euro strong today leaning into the meeting, MJ >>

Of course that is exactly the wrong thing to do, but to keep pressure on the dollar they must do it. Better to sacrifice Spain to keep the global inflation train rolling.

Just broke 40.

Comments