The oil shills from both countries promised to ‘do whatever it takes’ to jimmy rig the price of crude higher, for at least another 9 months, through March of 2018. On that news, the price of WTI is Mcsoaring, higher by 3.3% for the day. Also, the dollar is getting hammered v the euro, by 0.37% — which is providing succor to the gold and silver markets. While gold is up an impressive 0.5%, silver steals the show with a 2% lift.
Copper has unchastened to the upside as well, higher by 1% in this morning’s lewd commodity extravaganza.
All of this nonsense has resulted in a market that is little changed. Futures are up 3 and the Homo-Euro-Erectai markets are marginally down to flat.
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Hmm, I guess WannaCry wasn’t such a big deal in Euro and Asian markets. Could’ve been a good cover for a healthy correction to the downside and vilification of crypto-currencies. Perhaps next time…