OIL hit a new high. I wrote last night in my little book OIL at 144.70, only to wake this morning and and see 145.51.
Veronica Brown over on the Forbes Website meanwhile stated in her artical about the EU bankers meeting “LONDON, July 3 (Reuters) – The euro hit a two-month high against a broadly struggling dollar on Thursday, with sentiment dominated by a widely anticipated European Central Bank rate decision and key U.S. employment data.
The single currency, hovering near $1.59, is poised for an assault on April’s record high of $1.6018 if events swing in its favour.
The ECB is widely expected to raise euro area borrowing costs to 4.25 percent, with policymakers having flagged their intensions, putting its post-decision news conference firmly in the spotlight.”
OIL up GOLD UP SILVER UP INFLATION WAY UP. DOLLAR DOWN