US$1244 shows some stabilisation. Reasonable prospects of a turn around from here in my opinion. Will buy physical today just in case we start to se some upwards pressure over the next week build. US$1300 likely to break well on next leg up from here.
I can't see rate rise in June or July or this year but of course the Fed could if they wanted to regardless of the real facts of the ground. Damn it we will !!!
The real facts on the ground will eventually show themselves and it will be impossible to paper cracks and fool the people when it materially becomes clear that the economy needs serious reorganising. The social disharmony is one further example of the manifestation of overall disappointment in the way of things currently.
