Gold put in a pretty good performance. When the dollar has been strong, commodity prices have been weaker, and when the dollar has weakened there has been a rebound.
The fact that we made a new high for the month in gold brought some new fund buying and short covering into market.
The market today was responding to the outlook with the increasing possibility we will see an interest-rate cut. And the day's recovery is reflecting the rebound in stocks.
The reason they're jumping on board is because of the attractive returns that the commodity markets have seen over the last 2 or 3 years. If you go into a more sideways pattern those returns get a lot less attractive.
To a large extent where the markets go is predicated on the positions by funds in the markets.
We've had a pretty sharp move higher and we've had another big increase in speculative length.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.