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  • Commodities Should Profit from the Bailout Plan [View article]
    The commodity drop started before the Dollar's rally began. Hedge Funds like the lemmings they are fled where they could. The Dollar offered the greatest leverage because the Bearishness was so onesided.

    When it became evident that the Financial Crisis in the US seemed to be accelerating, the dollar's rise ended very abruptly. The Bailout has added pressure and the further expansions on the original plan are going to accelerate the decline. Euro $1.49-1.50 is probable this week even without the final details.

    The ECB is sticking to its Inflation Fighting mandate and a strong dollar does not help this.

    The more entitlement spending added to the Bail out, the greater the pressure on the Dollar.

    Hard Asset strength is a show of flight from the Dollar overall.
    Sep 22 08:29 am |Rating: 0 0
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