Monday, December 07, 2009

oil to fall, dollar to rise

Given the enormous over-supply of oil at present, look for the price of oil to fall significantly, perhaps even catastrophically, over the next few weeks. That will impact all commodities...

Gold? Rather more complex at present. Unlikely to fall significantly. Probably will continue rising at least till mid-January.

Look for the Remnimbi to hold steady or, more likely, decline further.

The Indian Rupee should continue to improve.

The Euro will come under pressure, perhaps huge pressure, as spreads widen on the EU's peripheral countries.

Contrariwise, expect the dollar to rise. Could rise dramatically. Sphere: Related Content

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