Wealth Creation Through Natural Resources
This morning’s stronger than expected monthly payrolls report has sent the US dollar index soaring and gold tumbling: US Dollar Index (December futures) Gold (December futures) Gold smashed through minor support around $1100 and now finds itself … Continued
Trends trend, until they stop trending, at which point they generally consolidate for some time. We have seen this recently in crude oil which experienced a very large downtrend from June through January before consolidating during the past couple of … Continued
From BAML: This is the 2nd largest quarterly gain for the US dollar since 1970 and the quarter isn’t even over!! This chart really puts into perspective the magnitude of the current US dollar rally. The first Gulf War, … Continued
The only story that matters across global financial markets right now is the parabolic ascent of the US dollar: The implications of what ‘excessive’ US dollar strength could lead to across global financial markets has created a recent environment … Continued