Shutdown theory,
Ppl,seem to agree that demand gdp will be affected by a shutdown
Commodities reflectmthat fall
Us shutdown prepresents a large end customer of commodites and they are falling as customer shuts down
Middlemen all over the globe see lower demand and potential for further shutdown, they are holding the bag and have to find another customer which atm isnt there
Gold smashed, also didnt help that opportunists formweeks,piled in looking for a huge spike on shutdown, liquidity couldntmhold and leverage and pain takesmover
Shutdown could be a goodnthingnforngetting some overprices comodites down
Seems to have worked, opposite may work, when the debt ceiling is raised and usd rises, commodities will bounce as end customer revs back up, gold will follow........but that wont happen overnight ,so mesntime all the hot money with huge leverage will be crunched..............
Depending on how long and how much more shuts down, gold and commodities will see short term weakness as the traders are stuck with a reducing end user.....
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