Tuesday, June 9, 2009
Gold and Silver trading june 08 2009 : Bob Chapman
preciouse metals rally halts for a while , Silver is down platinum , uranium is down too , China playing tough and starting to ask Renmenbi Yuan Bonds , because she does not want to take in any US doillar treasury bonds , hyperinflation scenarion on the horizon , the system is starting to break down according to Bob Chapman
Commodities market is about to explode Gold, Silver and Oil prices shoting to the roof
The commodities market is about to Explode Oil, copper, platinum, gold, silver and now it looks like Natural Gas is going to be joining the party , lead the gains demand is increasing fueled by massive purchases from china which is apparently eager to dump its massive dollar reserves into the commodities market . Prices have risen in the commodities index by 13% in May, biggest monthly gain in 34 years while Crude oil continues to push to new month highs
Crude Oil prices will Spike says Shell CEO
commodities and crude oil price is particular is may be about to spike , according to Dutch Shell CEO who was heard this morning saying to Bloomberg that ""The economy will turn, demand will come back and the overcapacity of supply will disappear", Jeroen van der Veer says. crude oil prices are how rising to about 68 dollars a barrel still low compared to last summer record high of about 150 dollars a barrel , it seems that there is a rush towards commodities and especially crude oil by countries like China eager to get rid of their mass of US dollar liquidity from fear of hyperinflation scenario , despite that the dollar is gaining ground lately , this is far from being a sign of economic recovery , we are not out of the tunnel yet say experts
Subscribe to:
Posts (Atom)
