Commodities Host the Money Game By Jim Wyckoff About this article: Price action in the market this holiday-shortened week witnessed U.S. Treasury market prices (T-bonds and T-notes) hammered to fresh multi-month lows, the U.S. dollar hit a fresh eight-month low vs. its major counterparts and the U.S. equities market continue to chop in a sideways trading range. Meantime, crude oil futures notched a fresh six-month high and are leading a strong rally in many other commodity futures markets. This week's price action provides compelling clues regarding the flow of money in the market. Money has been fleeing from U.S. Treasuries as the investors' general risk appetite increases. However, the funds flowing out of the U.S. debt market are favoring hard assets (physical commodities) and not the stock market. The shrinking value of the U.S. dollar on the world currency markets has exacerbated the speculator interest in owning raw commodity futures or commodity exchange-traded funds (ETFs). Recent history has... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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