Wednesday, January 28, 2009

7:46AM PST A LARGER VIEW OF THINGS TODAY


Dollar moves up to .8466 then pulls back a bit
Euro still falling Yen also falling
Oil suddenly rises fairly rapidly after selling down
to 41.70, but is now falling again. Simply a wild
traders' market within a fairly tight range
Just the fact that oil is low is a drag on gold, but
it is showing no usable direction recently.
Dow now rising and Yen turns up