Tuesday, July 15, 2008

Microsoft confirms Xbox 360 price cut, will commodities follow?


A zoom out on the daily chart shows the New Zealand Dollar is battling a long term trend line that goes back to March. A break of this line could hint another large move in commodities! The idea isn't all that out of proportion, CNBC's current headline is "Bernanke: Economy Weak, Inflation Threat Rising" It will be interesting to watch the price of gold and oil as stagflation lurks around the corner.... :-o ut-oh

No comments: