US Dollar

Our title seems obvious. We all know that the US$ tends to be negatively correlated with commodity prices. This is true in the short-term but not always so over the long-term. The US$ index is currently nearing 83. It’s at the same level it was in 2007 when Gold was trading in the $600s and … Continue reading

The Fed continues to pump aggressively

This week has brought in some calm after recent declines in the precious metals sector.

Today’s essay is the first one in our two-part commentary on U.S. debt and the dollar collapse.

The gold Bull Run of 11 years (“IT”) is still happening; make no mistake about that.

The reasons for the gold’s decline given in the press were a case of “round up the usual suspects.”

There is a study published by the Credit Suisse and the London Business School that says that gold prices have been too volatile to play a reliable role as a hedge against inflation over the past 112 years.

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You have just watched the “gold punisher” administer an incredible eleven day beating on the US dollar. From about $1478 to $1610, gold has now risen 11 days in a row.

The US dollar has been reacting very bullish to the death of Osama bin Laden, the figurehead of Al Qaeda. Short-term investors have shown a renewed interest in the US dollar (UUP) as near-term resistance and the 50-day moving average have broken to the upside.