Thursday, August 26, 2010
Phil Flynn: When Bad News Becomes Good News
Well I hate to be a bummer but it can. The oil inventory report shows that the economy has slipped back into recession. It is a portrait of everything that is wrong about the economy. Oil and product supplies are surging reflecting the same things we have seen in other markets. It shows that the economy, somewhere in the middle of summer, hit a brick wall and went back into recession. Oh sure some may say that the builds are seasonal and that this is to be expected yet the magnitude of oil supply and the direction demand is going is sending out clear signals that.....Read the entire article.
The "Super Cycle" in Gold and How It Will Affect Your Pocketbook in 2010