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Showing posts with the label commodities futures

Qualified support for the U.S. dollar / Greenbacks fall on O'Neill's remarks

Treasury may be working behind the scenes this week - Dollar showing some strength "The Treasury Department controls whether and when the United States, through the Federal Reserve, buys and sells dollars and other currencies to raise or lower the value of the dollar. O'Neill's immediate predecessors, Lawrence H. Summers and Robert E. Rubin, both adhered almost slavishly to the same language in describing currency policy, saying a strong dollar was 'in the interests of the United States.' Since taking office 15 months ago, O'Neill has more or less stuck to that formulation, but often with an added emphasis that the dollar's value is the byproduct of a fundamentally strong economy and the perception that the United States offers the world's best opportunities for investment." the US dollar's gains against the euro broke the 1.56 mark and kept a lid on gold's gains to just above $892. **********************************************************...

The Dollar Hasn't Bounced

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by James TurkFounder of GoldMoney "I first presented the following chart with its downward pointing arrow in my alert on November 11, 2007 , and made the following observation. "When taken together, the eerie calm as the dollar collapses and the arrow in the above chart pointing to the building downside momentum suggest that the dollar is nowhere near its final low.... One can only conclude that these are not normal circumstances. In other words, I think we have reached the 'tipping point'. More people want out of the dollar than those who are willing to hold it. The final collapse of the dollar begins now. It will I expect play out over the next three to six months, culminating in a major dollar crisis. I have been waiting for two events in particular to signal that the final collapse of the dollar had begun. One was for the Dollar Index to make a new record low by breaking below 78.30, which it did just a few weeks before I drew the arrow in the above chart last No...

Coming inflation leading to LT commodities BOOM

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Commodities Futures - Bloomberg - charts and statistics Apr 09, 2008 - 02:09 PM Sean Brodrick (http://www.moneyandmarkets.com) writes: The last few weeks have been the roller coaster ride from hell for commodities, an up-and-down whirlwind that has left many traders feeling turned inside-out. But I think there are strong signs that a commodity correction may be coming to a close. If you're not long yet, you might want to consider putting some money to work. After all, the inflationary forces and fundamentals that are driving commodity prices higher are still in place. Has the Fed stopped pumping money into the system? Have we stopped importing inflation from China? For that matter, have the Chinese given up on buying new air conditioners, cars, and eating more and better food? No, no and NO! Today, I want to give you an update on natural resources. First, let's talk about the continued strength we're seeing across the board in the futures markets ... "There is an econ...