The Fed Influenced the Markets, Again

Aden Forecast (03/17/2010)
"The Fed again said that they'll keep interest rates low for an extended period. This helped boost the currency and stock markets, and interest rates declined. Remember, interest rates are overbought and the 30-year yield is resisting at its mega trend. For now, interest rates will likely decline further before they head higher in the months ahead. This market is volatile and hard to trade, and we don't recommend doing so.

. . .The precious metals sector is still looking good. Palladium is leading the way, hitting a nearly two-year high. Silver and oil are at two-month highs and the other markets are all perking up, with the weaker dollar providing an extra boost. Increasingly, it looks like gold is likely forming a double C peak, but it's still too soon to be sure. If gold now stays above $1,100, it'll remain strong within its bull market. A rise above $1,152 would be a strong sign that a renewed rise is indeed underway. Currently, we advise keeping the positions you have."

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