Sunday, October 26, 2008

WCTS Spotlight for the week of October 24th, 2008

Hello and welcome back to WCTS Spotlight



102408: As investor panic is almost at a peak many of the markets followed here at either hitting their downside targets or are very near them. The long awaited correction in the US dollar is now apon us and one should welcome it rather than look on it with distain. Once this rally exhausts itself, one may see commodity prices once again resume their upward trend. Until then, commodity prices in general look to be moving lower in unison. Of particular note this week, longer term US treasury prices have put in a well defined double top on the long term charts. With the anticipated increase in US government bond supply, the market is getting ready for higher long term interest rates. Consumers Beware!
That's all for this issue of the WCTS Spotlight,
Brian Beamish FCSI