The first thing I do in the morning is checking commodity prices,This is a great site to do that.When oil and the other commodities were rising out of control on Friday I wrote that it was scary.
It looked like a bearish spike, a trend to sell into it. This morning commodities are weak and oil is close to $111. It may have a negative impact on the market.
Asia and Europe are weak.Bond prices are muted. But they should like weak commodities.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest
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