24.10.2008 - Commodity prices inverse relationship to the US dollar
From Marketoracle.co.uk: The connection with commodity prices and the movement of the U.S. dollar continues to remain tight and over-ride year-over-year fundamentals. Oil and gold are particularly linked to the currency and weakness or strength in the dollar are quickly transferred to positive or negative trading patterns for these natural resources. Thought macro fundamentals play a decisive role in the longer-term direction of commodity prices, investors of raw materials, with a 1-2 year time frame, should should remain focused on the dollar's movement more than supply and demand fundamentals. .... Full Article: Source
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