mame
Well-Known Member
Interest rates remain low, primarily because the money leaving the stock market is moving into safe havens like Treasury Bonds and gold. The important takeaway here is that fiscal stimulus remains an option and should really start looking attractive to lawmakers at 2.4% on treasury bonds (likely to get even lower, too).
Speaking of gold, how are the commodities doing? Crude oil is down ($81 ATM), Corn, wheat, etc all down... In fact, the only commodity outside of Gold that's up that I see is Cotton, up slightly.
Crude oil is the big one, because lower gas prices means higher Aggregate demand.. If they hold below $85 for a sustained period that can help the economy a quite a bit.
So it's not all bad, especially for you gold bugs.
Speaking of gold, how are the commodities doing? Crude oil is down ($81 ATM), Corn, wheat, etc all down... In fact, the only commodity outside of Gold that's up that I see is Cotton, up slightly.
Crude oil is the big one, because lower gas prices means higher Aggregate demand.. If they hold below $85 for a sustained period that can help the economy a quite a bit.
So it's not all bad, especially for you gold bugs.