Wednesday, October 29, 2014

Gold Closes Near Two-Week Low as Oil Hits a Four Day High

Children, do not try this at home. I'm not kidding.
By the time you are calling opposite moves in monetary commodities (what, you've never heard of the BTU standard?) you are probably beyond hope and riding the fast train to loony land:
Oct. 16-"(just kidding, a gold short at $1240 sounds lovely) "
Oct. 27-"...WTI is now only down 26 cents from today's settle, at $80.74. We're going lower but you may see a bit of a short squeeze this week."
From Bloomberg:
Gold Futures Closes Near Two-Week Low on Fed Speculation
Also at Bloomberg:
WTI Crude Rises to Four-Day High

WTI $82.46 up $1.04
Dec. gold $1223.3 down $6.1