No Pivot: Powell Put Expires – Ep 772
The Peter Schiff Show Podcast
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The Rotation Is Going on Underneath the Surface
One market though that held up strong to day was the oil market. We almost traded 88 dollars a barrel earlier this morning. That's the new seven or eight year high. All the oil stocks were making new 52 week hies to day. Gold prices also were south on the day. Price of gold was down about 20 dollars, 15 to 20 dollars before the fed announcement. And then when the markets rolled over and pal started to talk, gold made new loads,. ending at about 18 hundred and 20 dollars an ounce so still comfortably above 18 hundred.
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