Morning Outlook from the Trade Desk 01/30/12

Discussion in 'Gold' started by metalsmtl, Jan 30, 2012.

  1. metalsmtl

    metalsmtl New Member

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    Metals again under some pressure as the Greek solution becomes the focus, putting pressure on European equities. Portugal seems next in line. a lot of headwinds for equities coming up. If the Chinese do not step up in a big way, the commodities may run out of juice. We need new parameters before we see a surge in business. Clients have saturated these levels. Its boring to just have an insurance position, which all should have. They want to tell their friends how much they have made in gold. Ironically, this news is never accompanied by how much they lost in the other asset classes as gold moved higher.
     

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