Friday, February 18, 2011

The Fear Trade

The Middle East is heating up fast with reports of troops firing on protestors in Bahrain and Libya.  Iran has formally requested passage of its navy through the Suez canal and Israel has threatened to attack if they do in fact pass through.  So the news grows as we head into a three day weekend in the US and we see precious metals and oil catching a bid while the USD sells off.  This never would have happened a few years ago but it is a sign of the times and the lack of confidence in the USD.



Oil (Nymex)


No comments:

Post a Comment