I agree that gold and precious metals are over in the very short term if the bailout is passed. Mainly because of the spike they received when the bill first failed, nothing like panic to send them up.
Commodities and base metals though I would think will rise, perhaps sharply, in the very short term if the bailout passes. So you might get a good bargain today but if the bill fails hard hats on.
Note my view which could be very wrong is very short term, after the potential excitement (assuming there is any) dies down we might be in for a few interesting weeks of trading. Good luck guys.
Add to My Watchlist
What is My Watchlist?