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February 17, 2005
Today, Thursday, Feb 17, 2005 06:56:36
I will be away for most of the day today, but did want to point out that overnight there was weakness in the USD and an increase of $1.30 in the gold futures, now trading at $428.20. Yesterday, the top five industry leaders were Iron & Steel (+ 5.4 percent), Coal (+ 4.0 percent) and three Oil groups ((+2.1 to 2.2 percent). Wall Street is pushing hard on the Oils, but many (CVX, XOM, COP and BP) appear to me to be over-priced and ready for a pull-back of maybe five percent or so in the next week.
Posted by Posted by Bill Cara on February 17, 2005 06:56:57 AM | Category: Cara Today in the Market