Morning Outlook from the Trade Desk 02/08/12

Discussion in 'Gold' started by metalsmtl, Feb 8, 2012.

  1. metalsmtl

    metalsmtl New Member

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    I was a day and a half early on my buy signal, which in the world of trading is a long time. Assuming Greece (perhaps Portugal next) doesn't blow up and they come to "any deal" the markets should continue higher, especially with the Fed re-affirming its commitment to keep rates at 0 until 2014 and confirming they will protect America from any issues in Europe. Even Roubini who has been the ultimate bear forecaster for the US economy came out yesterday and said he was bullish ( at least for the short term). This should be price positive for the base and industrial metals, which have already made impressive gains on a basis of a ratio value against gold. Platinum now sits at a $100 discount to gold. Three weeks ago it was a $200 discount. Silver was at a 58:1 ratio is now approaching 50:1. ( number of ounces to buy an ounce of gold )

    NOTHING is better except PERCEPTION. But that's what moves markets
     

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