SOTU + FOMC = Reflation ON January 26, 2011
Posted by Warren in Central Bank, Energy, Government, Metals, Strategy.trackback
If I were Obama, who is gearing up for re-election, I would take advantage of this week’s back-to-back State of the Union and FOMC meeting to boost the markets and leave a positive impression. Text message to Ben: pls reflate, thx.
I’ve covered all silver shorts and flipped to long, mostly for the reason that the chart seems to be in favor of a rebound here, in which case silver will most likely re-test $28.
[Silver: 1-month]
Crude had a very steep sell off this month (despite the butt freezing cold), and I couldn’t help but to give it a punt. I’ll be on the lookout for the inventory release at 10:30am.
[Crude: 2-weeks]
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