Interest Rates Will Go Up, Not Down
Jun 6th, 2008 | By Ben Traynor | Category: International InvestingTwo oil shares to buy NOW
Yesterday we found a toy gun in the office, a left-over from last year’s Christmas party. It’s basically just a bit of wood cut into the shape of a pistol. It has a groove in the end to hook elastic bands round, and a plastic trigger mechanism that enables you to fire them.
This morning, Garry White was greeted as he sat down at his desk by a big elastic band fired straight at his head (yes, I am that childish. Perhaps being held-up by that unexploded bomb had awakened memories of playing “Armies” as a kid).
“Ow!” he said. “Now I know how US oil traders feel!”
It was an odd comment, so I asked for an explanation. Turns out, the oil market was fairly quiet yesterday. That is, until the final hour of trading in the US. Then it went crazy!
“It just came out of nowhere!” says Garry. “A bit like your elastic band! The price of oil futures just jumped!”
In today’s free edition of Smart Commodities, Garry dons his Columbo jacket, and takes a look at what might have caused this unprecedented market move. He also explains why, right now, you must have two particular oil shares in your portfolio
Until tomorrow
Ben Traynor
Source: Interest Rates Will Go Up, Not Down
Pages: 1 2
Advertisement
The new Debt-Free Index CD is comprised of equal parts Singapore dollar, Japanese yen, Swiss franc, Australian dollar and Brazilian real. Why these currencies? All 5 economies have a strong balance of payments—a factor that could aid performance against the U.S. dollar.
Of the 5 economies, only Australia has a trade deficit—and the gap appears to be narrowing. Concerned about investing in a weak U.S. dollar? Consider this new Index CD, it is available in 3- and 6-month terms with a $20,000 minimum deposit. Apply today here
This CD is FDIC insured against bank insolvency, but please keep in mind that you could lose principal as a result of currency fluctuation.
Pages: 1 2