June 8th, 2011 13:18:54 GMT

Oil turns higher; no OPEC deal

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Oil is back in the black as the OPEC meeting breaks up with no deal on raising the quota. Since Saudi Arabia has most of the spare capacity within OPEC, they could always increase production unilaterally, but they would never … Continue reading

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June 3rd, 2011 13:07:27 GMT

Will EUR link-up with oil again?

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Looks like it might, to me. EUR/USD overshot the percentage decline in oil to the downside and overshot the recovery to the upside. IF we get bank in sync and oil stays range bound between $98 and 102, EUR/USD will … Continue reading

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May 26th, 2011 09:09:55 GMT

Silver drops 4%

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Session low $36.30 oz. Oil off half a buck.  Reasoning, who knows?  Risk on morphing into risk off.  I called the market ridiculous yesterday and someone called me on it.  I stand by what I said.  Risk on, risk off, … Continue reading

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