Week ending March 6th 2011:
It’s been very difficult to move in lately. In other words, it’s very volatile.
This is just an interim effect of QE2! There’s more! (email to discuss if you need a detailed explanation)
Inflation is felt in MENA, creeping into Asia and to the rest of the Global economy. Surprisingly, NOT in USA!
The Middle East North Africa (MENA) tension is weighing on global sentiment.
For example, markets were down for most of this quarter, then Friday was up (cheers!). The global markets went down again on Monday!. If you recall just yesterday, Asian markets rallied strongly when Saudi Arabia tried to cool the market by ‘replacing’ oil outputs from any loss in Libya. Last night, tensions grew in Saudi Arabia, Iran and rest of MENA. As a result, global markets are heading South again.
However, Commodities are on the rise!
Mining.
Bottom line is Crude Oil broke thru US$ 100 per barrel again.
Silver reached 2011 high of US$ 34.57 and broke thru.
Gold had broke the previous LIFE time high and rallied thru US$ 1430.97 and reached US$ 1434 this morning.
Agriculture.
Agriculture Commodities are smashing thru the roof with inflation being exported from US!
Forex or Currencies are different somewhat animal or creature. Commodity Currencies like AUD and NZD plunge as a result of MENA tension and rising Oil prices. The latter NZD is somewhat more bearish on the recent earthquake in Christchurch and PM talks of welcoming lower interest rates.
I’l sign off here and will update you all on a regular basis or adhoc! Have a great time, enjoy yourself. If you have any queries on financial risk management, investments, housing loans, writing a will, just drop me a line! God Bless!
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