The rest of the market may move with the $ and may take Pt and Pd for a ride. But the funddies in Pt and Pd is going in favor of the longs. This article helps me understand what’s going on in the cash market which I posted about last night. If the link does not work the story is today’s WSJ page C9.
“Frank McAllister, chief executive of Stillwater Mining Co. (SWC), the biggest palladium producer in the U.S., said that customers recently have been placing their orders for next year because they are worried about prices going even higher. "The ETFs are part of it," he said. Stillwater plans to increase its palladium mine production by 29% to 515,000 ounces this year.”
obama and the dems have incurred more national debt, in the short time he has been in office than all the prior adminstrations put together going back to G. Washington. they have done years worth of destruction to the US economy and standing in just a matter of months. you know its bad when europeans are scolding the US.
added some back in low 12s but I have one foot out the door; best case right now is for a pennant to form but is must hold 12 - hi 11s area;
wonder if the dollar is spiking based on some geopolitical event coming this weekend
The employment report from last week and the fact that Bernanke said that low rates would remain for awhile leaves me to wonder how high the USD rally can go. We are coming out of the largest recession since the 1930's do you really think he wants to take a chance and raise rates this year? The man isnt stupid. JMHO
he has limited control. a scare by greece or dubai can make the dollar spike in a heartbeat. logic seems to indicate the dollar is punk, but this market is not logical. i dont want the dollar to spike above recent hi s