The way they are going, it ($600) could come quite quickly, although we should expect to see some profit-taking. |
There does seem to be a desire to have exposure to commodities by both long-term funds and speculators. |
We are in a new ball game - a new paradigm. You just have to go with the flow now. |
We may not be out of the woods yet and further liquidation and selling could be lurking. Tonight's weekly chart closes will be important in determining near-term price direction. |