dollar/commodity trend shift?

0 votes

So it would appear that mid last week it felt like there was a subtle shift in the trends thats been causing the dollar to gain against currencies like the euro and GBP, oil was falling through the floor to what many have come to believe to be a floor at $45/barrel, and gold and other metals to continue a donward trend towards 2003-4ish levels.

Since the big drop into the 7500 range for the DOW, it seems that these trends are shifting. the dollar looks like it has peaked against both the euro and gbp and is now looking to steadily decline. In addition, the dollar doesnt seem to be gaining on 'counter' currencies like the Yen, but falling steadily in those exchange rates as well. The markets have rallied back into the mid 8k range and for the short term, rapid selloff mentality seems to have been staved off. Gold and other metals have rallied back in price (well gold most particularly here) to a once again alarming figure, and in the short term might fluctuate downwards once again but im not so confident this time that those prices are going to fall down to the lows that we have seen during august, october and early nov.

I cant help but to feel that somewhere around nov 18th or 19th that the trends we've been witnessing with the strengthening dollar since about august of this year are now beginning to shift in a different direction. I was hoping that this thread could spark some analysis and conversation about what we in the US should expect to see happen as we enter prime holiday shopping season and what kindof painful spikes and drops we should expect to see come the new year.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Bump for more information

food freedom,one seed at a time.

I think something isn't quite right, any new views out there?

I'm

of the same opionion. I hope to see some discussion here too.

Fellowship of the White Rose

Ron Paul was right