Monday, January 14, 2008

Daily Fundamentals 1/14/2008

Good Morning,

Not any US news coming out today. But, gold is at 908 an ounce. I don't really like predicting moves in any market. but, if the dollar keeps tanking and the fed doesn't get a hold on inflation we'll probably see 1000 dollar gold by summer. Oil is sitting at 93 dollars a barrel, I see oil dropping as demand gets lower due to the lack in consumer funds.

JP

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