Gold sharply extended its gains for a second day on Thursday and more than made up the losses suffered earlier in the week. Though the metal was slightly lower at the time of this writing on Friday, it is still holding in the positive territory for the week and thus remains on course to post its second two-week rally since the second week of August.
While it may not feel like it, crude is in the early phases of a new oil "super cycle." In fact, in the early stages of a super cycle it never feels like it but that is because we are laying the groundwork for supply tightness in the future.
She's got the whole world in her hands, she's got the whole wide world in her hand, she's got the whole world in her hand... Fed Chair Janet Yellen and her band of merry men punted on raising interest rates mainly on concerns of low inflation and concerns about the global economic world.