
MacroVoices#308 Ronald Stoeferle: Precious Metals Update
Macro Voices
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Crude Oil
The dollar index, the big trade weighted currency, and there's that uroand and the urea had a quick pop up towards one 15 on the up side. But with the fact that we have now broken those november december consolidation loavs, there is the vulnerability of the bureau to trade back down to two thousand and 20 loas. We're at the point where crod oil really becomes a serious political issue. There are significant political head winds to higher prices. And it will take something like that first rate hike in march to potentially put in a short term dollar top.
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