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It is highly unusual for The Fed to comment on the $ and I think it reflects a degree of concern that $ shorters need to take notice of.
Jun 05 05:10 am
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All Comments by Aly-Khan Satchu »Oil ETFs: What if the Dollar Strengthens? [View article]
Paul Volcker also recently broke with form to say that there was a $ crisis. So I feel that the $ can rally substantially from here. In that context, it would be a little foolhardy to stand in front of what might very well become a freight train in the Crude markets.
This is not the time to be limit long Crude.
Aly-Khan Satchu
rich.co.ke