And Now, The Commodity Snapback
Earlier we predicted that following the carbon copy replica of last week's two day crash the likely outcome is another follow through surge to the upside, which will likely be tempered with another barrage of margin hikes to punish speculators daring to not put their money in massively overvalued stocks. Sure enough, the first part of the prediction comes true (see chart below), as the most recent overnight wipeout in gold, silver and crude is now a distant memory. Next stop for WTI: $100. As for what time today's margin hike will come, just keep hitting F5 on the CME Advisory Notices page.
- advertisements -