Month of December
Finally the end of the year is here. The most significant event of this month was the Fed interest rate increase to 0.25%. This was a much anticipated raise since many months ago so it wasn’t a surprise except no one knew when it would happen. That coupled with the fact that the commodities market went crazy. Crude oil fell below $40 for first time since 2009, natural gas dropped to a 16-year low and gold dropped to new 6-year low.
Perhaps this is a sign to continue to monitor the situation and look for entry opportunities. We should all agree that crude oil and natural gas are items which are still in use worldwide currently and hence there should be a limit to how low it can get. Gold is usually seen as a hedge against inflation and many Asians may like to purchase ......