Friday, July 25, 2008 7:31:27 PM
Just a little obsevation today...
See how the pps reacted to the blue line the first few times it hit it after one of the big spikes.
Of course this is more dependent on the USD than anything else, and secondarily for it's value as an industrial and jewelry commodity, but it's probably a good time to start watching it a little more closely.
Today it hit $16.99(16s for the first time in quite awhile).
If nothing else I think it's a very good clue as to which the USD is headed and consequently the economy in general...at least very temporarily, and I still don't think we're out of the woods yet,but we MAY..I say MAY, be near an overall bottom.
And even if we are, I certainly wouldn't expect a sharp rebound. Probably more like a breather and a more or less 'flat-line' situation while things settle out.
It's helpful to look at those comparison charts I have in the header too to get a look at the USD's latest patterns...ie. flattening out at a potential bottom.
See how the pps reacted to the blue line the first few times it hit it after one of the big spikes.
Of course this is more dependent on the USD than anything else, and secondarily for it's value as an industrial and jewelry commodity, but it's probably a good time to start watching it a little more closely.
Today it hit $16.99(16s for the first time in quite awhile).
If nothing else I think it's a very good clue as to which the USD is headed and consequently the economy in general...at least very temporarily, and I still don't think we're out of the woods yet,but we MAY..I say MAY, be near an overall bottom.
And even if we are, I certainly wouldn't expect a sharp rebound. Probably more like a breather and a more or less 'flat-line' situation while things settle out.
It's helpful to look at those comparison charts I have in the header too to get a look at the USD's latest patterns...ie. flattening out at a potential bottom.
McBUSHIE'S choice of Palin was irresponsible, dangerous and insulting to America's intelligence. That choice and his continuing smears/lies prove he'll do anything to win this election even to the point of endangering his own country.DEFEAT HIM!
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