Energies Still Strong
Continued striking in Venezuela and a report that the Saudis told their
customers to expect 10% less oil in January sent March crude up again today, to
27.93.
Even though the Northeast forecast for next week is for warmer temps, natural
gas rallied along with crude. March crude was up .37 at 27.93, which March
Natural gas rose 14.5 cents to 40935.
Geo-political tensions and a weaker dollar sent gold up again. February Gold
closed at 333.8.
Technical pressure sent bonds down, even in a lackluster stock market. March
bonds lost 28 ticks to close at 110-01.
Fund and options related selling pounded coffee to new lows. March coffee was
60.10.