Loading ...Seems the invisible hand shows up when we least expect it. The euro plunged below support for a couple of days and today climbed back through the resistance with no problem. Keep a careful eye on silver and the grain markets for further directions. The corn and bean harvest is nearly over so the lows may be in place.
pay particular attention to the stock market “Santa Claus” rally which usually follows the October break. Also important feature will be the February break in the grain market. We will find out if money is truly coming out of the stock market and into commodities or if we are getting another rinse and repeat cycle.
Back to the jungle.
rno