Category: Currency Currents
- Published: 03 November 2008
- Written by Editor
Risk aversion ebbs this morning...Comdol time?.
Gold is sharply higher this morning...up $20 bucks. Stocks globally are doing well and premarket
SPU is bidding a bit higher. Oil is trying to turn higher.
Ebb in risk aversion means a flow of risk appetite by definition. And risk appetite may mean it’s
time for commodities, which have been body slammed, to make a decent correction; maybe of
the multi-week variety. Thus, maybe it’s time to own some Comdols again i.e. commodity
dollars, fist three letters of each word, for those not yet super-fx-trader slang literate.