Couldn’t resist posting this one.

From the slope of hope. comes this graph of stocks and copper on Fed day (HERE). This is one nutso market with indexes dragging up and down everything. Curious, the behavior of gold and oil this past 2 weeks. Gold goes up ostensibly because of Crimea safe haven trade,  but then shouldn’t oil as well, with the Russians being among the larger producers ? Oil dropped through last week as gold rose and this week they reversed. Technically, I suppose long-term trends don’t turn without a massive battle. I am not even sure there is a reversal in the offing, and with quarter-end looming next week, the gyrations will continue to be tremendous. And then earnings season is up once again and we will see if the weather continues to be blamed. So it is a good time to be studying options.

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