Tuesday, September 28, 2010
Phil Flynn: Take No Quarter, Give No Quarter
Yes this is a September to remember but also remember that this is a profit taking business and it appears that unless the data gets us real excited the correction should start. The market in gold and stocks has been helped by the Fed. Ben Bernanke and his band of money printing merry men have engineered this latest gold and stock market rally. Now if only they can get it to trickle down to the oil market. Oil prices, while higher, are a bit less inclined to get excited about the recent stock market strength. With supply near record high and high stock prices not necessarily being reflected in real oil demand oil traders are less.....Read the entire article.
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