It truly is amazing to watch, I woke up just shy of 7:00 EST and was stunned to see the prices on most major commodities. Yes Gold and Silver are being taken to the woodshed but Oil down almost $3, with an 88 in front of it and Copper down around $3.20, you would think the world is coming apart right before your very eyes. I am surprised to see equity futures only down a touch.
We have the Cad and Aussie being down almost 100 points each this morning as well. All commodities including the grains are negative as well. With all these prices going down at the rate they are, to me it only goes to show what a disconnect we have going on with all of the financial markets. Commodities have been telling us for months that global growth just is NOT there, as our government officials would like us to believe. I have been warning that stocks are a fools game at this point. When you look at the price of Gold And Silver over the past 1 and a half trading days, you have to wonder what the STOCK MARKET and BOND MARKET are going to look like when the MASSES figure out what is truly going on!
Enjoy the day, walk away- trading right now is for the FOOL! Let the markets level off, the only thing I think is wise is to be short the Stock Market with STOPS that you are comfortable with!
Good Day to enjoy the show!
Martin
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