6 September 2011 (pre-open)

http://ca.reuters.com/article/businessNews/idCATRE77L0AE20110905

http://www.bloomberg.com/news/2011-09-05/gold-rises-above-1-900-an-ounce-as-growth-debt-concerns-enhance-demand.html

http://english.alarabiya.net/articles/2011/09/05/165553.html

Will we see a continuation of the long Gold (mining), short everything (blue chips) trade opportunity? Will the local currency rise and local treasury yields fall? While everyone was asleep, European stocks went down 4 to 5%, Gold went up, and oil prices… well, stranger things have happened, especially at local pump prices.

Will it blend? That is the question.

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2 Responses to 6 September 2011 (pre-open)

  1. noob says:

    How come local oil prices keep on rising? It just doesn’t make sense esp. since it’s publicly known it’s very overpriced now. Oil companies seem to be raking it in. Now tell me, is greed good?

    • abitrade says:

      Hi noob. Check out the news links I posted above. Apparently, Saudi Arabia is selling oil more expensively to Asia than to America. Nonetheless, local pump prices do seem to be overpriced.

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