Expcet rise in volatility June 15, 2008
Posted by Warren in Central Bank, FX, Metals.trackback
Volatility across macro markets should increase even more as we approach Fed day on 6/25. Especially, I expect wild moves in crude, gold, and silver, which should provide an opportunity to cover some longs. I also expect the markets to set up for a real test of Bernanke’s recent open mouth operations (i.e. dollar down and commodities up). Come Fed day, things might get ugly as Bernanke re-emphasizes his hawkishness and support for the dollar. But this will only provide more buying opportunities for commodities bulls.
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