The U.S. dollar strength is put pressure on the stock market. If U.S. dollar suddenly move up 5% (It is unlikely), there would be rush out all carry trades, which will be especially hard on commodities. I still believe gold will correct to 1o40-1100 range.
As predicted in my blog 10 days ago, Greece credit rating has been cut. Over next two years, Japan and U.K credit rate will be cut.
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