Fed Hawkish Inflation Stance Kicks Commodities in the ...

Beyond the jobs part January Labor Dept report, the Fed's hawkish stance on inflation snowballed into a sell-off in the US bonds market and dollar rebound. All bad for commodities last week. Brent, gold, copper all lost, but silver was the biggest loser (sold off 4%). Lots of bad losses for integrated oil and miners.

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The economics here is hard for me to follow but saw that Freeport McMoRan lost 7.6% and Alcoa 6.4%.

 

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Wells Fargo says not to expect a commodities bull market this year.

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today is ugly ugly ugly. Dow loses over 1000 points, energy stocks leading the pack as far as it being ugly. 

It's not pretty out there, folks.TRADE SAFE!

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(edited)

Great time to get in, with stocks being so low. Anadarko is down almost 4% today.  Chevron down another 5% Exxon down almost 6%! Crazy time to be trading! 

Edited by Addy

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The other shoe has already dropped. I fear we're beyond a mere dip at this point. Run for the hills. 

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