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Linneus Mo. | Some banned poster use to say that a lot. I thought he was full of it on the dollar thing. I couldn't see how the dollar could keep up its strength against the basket of currencies.
Well, it has, and how!
Yesterday the dollar closed up to 104.19
Crude closed down to 104.27
Usually when crude is over 100 the dollar is very weak.
I understand that the basket of currencies we measure against are in more trouble than us for the most part. Japan is really having trouble with the yen.
My question is commodities are often said to be a hedge against inflation. They are also a hedge against dollar devaluation.
Is the next move higher a move brought on by a falling dollar?
This move was largely brought on by war fears. We really haven't had a supply-side run on these commodity markets.
What do you guys think of the dollar's chances to stay high going forward? | |
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Hollar for the dollar
