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The original G8 meeting was convened during the 1973 oil crisis so the timing this year is interesting to say the least. Although the press may spend a lot of time on the philanthropic activities being discussed, the true purpose of the meeting is an economic one. I suspect we will see a continuation of what we have seen over the past few years. That will affect the trend in the near term.

What a week. Crude trades over 95 a barrel, gold hits new highs and Google breaks over $700 a share. On top of all that, the Fed cuts rates by a quarter point, giving the market what it wants and stocks crater on Thursday. So what's ahead ... more volatility? Perhaps...or perhaps Crude at 50?! In reality Crude is around the 50 mark, but not here...and why not? Watch the streaming Video Lesson "Crude Oil at $50 ... Yikes!" that explains why Crude is where it is and where it COULD end up. For more free trading lessons visit http://club.ino.com/trading/vidmar/ Author: inovideos Keywords: Crude gold google FED interest rates barrel lesson trading money management stops $50 crash market NYSE CBOT NYBOT NASDA Added: November 5, 2007