No marking of time today. Traders sold crude and the products all day long with both hands. With the changing of news to OPEC wanting to open the spicket’s for a new layer of gold dust on the ol’ Ferrari, I could see where energy could come under some pressure. What I don’t believe is that there is any lack of demand. So, although prices may come under some pressure, I’d say sales will remain elevated.
US Treasury Bonds:
Bonds continued higher today. I believe a correction of some significance will materialize. This may be more a marking of time, but the establishment of a trading range is what is anticipated. Keep a close eye on gold and silver to plummet.