Analysis

	World Financial Market Summary for the period from February 5th – 18th, 2008.

The stock indexes of the major stock markets after decline in the first half of February showed growth, which cannot be considered stable. The German DAX is traded in the upward range and cannot yet break through the important resistance level of 7,100 points. Today’s closing (+2.23%) at 6,985 indicates growth continuation. The absence of negative news makes investors buy securities with less caution. However it is clear that if the mortgage write-offs continue, this growth will stop sharply. In the near future the sideways trend is probable for most stock indexes, which are in the stage of correction after the January fall.
The crude oil growth (almost 10% in two weeks) supported by a massive increase in Commodities value resulted in testing 96.6 dollars per barrel.
Since the beginning of the year platinum has increased by over 30% and costs 2,106 dollars per ounce.
Such growth is logical as the inflation concerns are growing.
The gold price, without reaching 950 dollars per ounce at the end of January, went back to 885 dollars per ounce. It was followed by a growth to 927 dollars per ounce, and then another fall to 900 dollars per ounce. A correction model with the perspective of price decrease to 863 dollars per ounce is being formed.
 The similar situation is observed with silver. It went down to 17.6 dollars per ounce, 17.03 dollars per ounce. Apparently the peak of the fifth Elliot wave is going to be formed. After that correction will become obvious.
The market is not stable. The world economy growth is slowing down, investors are getting nervous. This situation will continue for the next few months.