NorAm Capital Management

     

  • Higher Energy Costs – The next insult to all Americans

    It took a little while before $1,000 gold prices began to become a bargain rather than a potential market top. The same is beginning to occur for $75.00 crude oil and 2.00 gasoline in the commodity markets. Today the US dollar index set a new low. Every correction in the US dollar has been viewed as a selling opportunity in the investment community and this is beginning to have a continued affect on the commodity markets.

    Crude oil and other enery products appear ready to set new highs for the year, because the U.S. dollar continues to weaken on a weekly basis. The $75.00 price barrier has become a price of support recently, not a temporary price level set in a stage of short covering. Higher prices appear to be around the corner.

     Gold traders have gotten use to $1,100 gold and above. Consumers this winter better get use to higher energy prices as well.

    Americans better bundle up, while they wait in line for their unemployment check!

    Post to Twitter Tweet This Post

    The Traders Country Club — Daily blog provided by staff contributors to the Traders Country Club.com – a new website providing on-line trading courses in stocks, commodities and currencies. Every member to this exclusive club not only has access to world class investment and trading courses written by industry professionals with over 20 years of professional trading experience, but every member has access to the results of hundreds of hours of technical research that was previously only available to the top tier trading institutions around the world. The Traders Country Club will provide information to its exclusive members that is available nowhere else on the web. Our staff of dedicated professionals will share their incites at the Wall Street Shuffle daily blog, as they keep their readers properly placed on the right side of the markets.

    Category: TCC, The Stock Market, Wall Street | Tags: