cpi
The collapse in the market is due to inflation and how far will the FED increase interest rates. It has nothing to do with the price of GOLD.
If the US CPI figures are higher than expected on Thursday morning (Aust time), then expect the market to fall. However, even if it does fall I am confident it will start to bounce within weeks.
The commodities market is currently having a retrace and nothing to fear as the long term prospects are bullish. The questions that remains unanswered is: Can Bernanke inform the market on the FED's strategy regarding interest rates hikes?
I take my hat off to Greenspan as he informed the market on his strategy to increase interest rates at a measure pace up to 5% and this kept the market happy.
DOW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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