Wizetrade: Stock Trading News: Commodities Focus for May 21, 2008
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My Review:
There was a little bit of movement in the stock market yesterday. Today the Dow's down about 8-12 points. There was some really significant movement today, such as Gold. A bigger move was silver. The metals market is increasing suddenly because of people's fear of inflation. The dollar is resuming it's overall downward trend. Crude oil hit $130 a barrel today! A lot of people are afraid to buy crude oil, because it's so high they speculate it's coming down. It doesn't look like it will. As a matter of fact, crude oil is expected to go up to $150 a barrel soon. Keep an eye on soy beans. It appears to be doing pretty well, and will do better pretty soon.
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