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Old 04-11-2009, 11:48 AM
Skydaemon's Avatar
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Join Date: Jul 2007
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Default commodity move?

Seems like commodities are considering another move here.

brent oil daily


brent oil 4h


gold daily


copper daily


platinum daily


eurusd daily (I'm curious if the usd might break in the coming weeks)


eurusd 4h


usdcad daily(recalling that the CAD is sort of a proxy for oil, think of it as confirming)


One thing that does bother me is yamana gold (AUY and YRI.TO). AUY is a play on gold leveraged by the CAD exchange rate, so it's sort of like multiplying gold by oil. YRI.TO is the identical security expressed in CAD.

AUY looks like crap


but YRI.TO might tough it out
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