RISING DOLLAR HURTS COMMODITIES... A firmer
dollar since 2008 also explains why commodities have done so badly
since then. That's because commodity prices trend in the opposite
direction of the dollar. shows the commodity boom
(rising
CRB Index) that started in 2002 when the dollar
peaked (falling
Dollar Index). The commodity bull run ended in
2008 when the dollar bottomed (see arrows). A rising dollar since
2011 (rising trendline) has coincided with falling commodities
(falling trendline). A rising dollar during 2014 would make it more
difficult for commodities to emerge from their current
downtrend.
RISING DOLLAR HURTS COMMODITIES
Posted by rbreese on 20th of Jan 2014 at 02:02 pm
RISING DOLLAR HURTS COMMODITIES... A firmer dollar since 2008 also explains why commodities have done so badly since then. That's because commodity prices trend in the opposite direction of the dollar. shows the commodity boom (rising CRB Index) that started in 2002 when the dollar peaked (falling Dollar Index). The commodity bull run ended in 2008 when the dollar bottomed (see arrows). A rising dollar since 2011 (rising trendline) has coincided with falling commodities (falling trendline). A rising dollar during 2014 would make it more difficult for commodities to emerge from their current downtrend.
somethings up (or down)
Posted by morton13 on 20th of Jan 2014 at 03:29 pm
US Dollar on the rise, GLD on the rise, TLT on the rise, retail sector getting smoked, hmmmmm something is up!