| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Markets Build on Yesterday’s Dramatic Recovery
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
marctomarket.com / by Marc Chandler / April 19, 2016
Global capital markets staged an impressive recovery after the initial reaction to the failure to freeze oil output sent reverberations through the oil markets, commodities, and Asian equities. The sharp reversal begun in Europe and extended in North America has been sustained.
Oil prices remain firm. Perhaps the realization that the labor dispute in Kuwait has reduced output by as much as 60% (to 1.1mln barrels a day) helped underpin prices. The fall in output may be of greater immediate significance than a freeze.
Asia shares played catch-up today. The MSCI Asia-Pacific Index gained 1.8% to a new four-month high, totally recouping yesterday’s 1.5% drop, which snapped an eight-day advance. The Nikkei rallied 3.7% to return to striking distance of the 17000-17300 cap that stands in the way of a return to 18000.
The post Markets Build on Yesterday’s Dramatic Recovery appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/04/19/markets-build-on-yesterdays-dramatic-recovery/
