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atomik

1,744 Posts.

02/08/16

10:04

Post #: 18422821
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Originally posted by wombat53 ↑

@Rleonars
"POO still falling, almost back to $40/barrel.."
Very close...and this is sooooo important. Of course, ...this is just "transient"....
In all seriousness, when this happens , the Fed will be left in the dust, irrelevant, ad as was briefly the case late last year as oil plummeted, as oil goes, so did equities. That changed as oil rose up to the low 50's. The Fed once again re-emerged, but it's patently clear there will be no hike in Cal year 2016....I've said this 100 times now on Gold Forum (as you are well aware). For seven months I've been proven right.
The Dec 2015 "4 hikes" was cut to "2" in March (aka "capitulation"), and now is even less certain (there
also happens ht be a number of important US Elections in Nov., 2016...and not just the obvious one).
Pls see Post 18421117 from US NY Fed Pres. Bill Dudley on the US Outlook and FOMC Policy.
WTI Crude - DAILY

Expand

what oil glut?
Even SMH reporting on it
http://www.smh.com.au/business/mini...s-nowhere-to-go-but-down-20160801-gqipsg.html

BDR Price at posting: 51.3¢ Sentiment: Hold Disclosure: Not Held
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