Monday, August 22, 2011

Chart of the day is...

...oil, weeklies.

We also suggest that you visit market narrative more today if you need market action junkie type commentary, because your humble scribe is feeling a tad under the weather with a cold and will bed in bed as soon as a couple of trades are decided upon. Market Narrative has a better comments section, too.

Anyway, yeah, oil. Here's the weekly chart that shows Austrian economics followers as just as good at hiding facts away when they don't suit their purposes. If that's hyperinflation, I'm Chinese.

And I'm not Chinese.