Wednesday, July 1, 2015

Crude Oil Weakness is Not Gold Friendly

by Dan Norcini
Trader Dan

Amidst all the talk about “Grexit” ( are the rest of the readers as sick of hearing about this as I am at this point?), one thing being overlooked, especially by those who keep calling for some sort of rip roaring surge higher in gold and silver, is the fact that crude oil is weakening.
In short, with many looking at the situation in Greece as contributing to a hit on economic growth, and with the fact that China is struggling, crude oil is moving lower as traders are concerned over a SLOWDOWN IN DEMAND.
Continue Reading at TraderDan.com…
Please share this article

No comments:

Post a Comment