I expected to see the dollar go down a lot today and metals to go up as investors pile into them as an inflationary hedge. However, it looks like all the metals went down and the dollar is about even:
I wonder if interest rate cuts don’t even matter. Perhaps Americans are so overextended that the only way they can get a loan (e.g., HELOC, mortgage, etc.) and thus more spending money is if they ‘state’ (i.e., lie about) their income. It wouldn’t surprise me.
“it looks like all the metals went down and the dollar is about even:”
I think somebody pointed out on another thread that the classic deflationary argument only works if the currency can hold value while the economy is doing poorly. The Fed just opened the spigot and the dollar is holding….what does that say?? It is still very early but worth watching.
“it looks like all the metals went down and the dollar is about even:”
I think somebody pointed out on another thread that the classic deflationary argument only works if the currency can hold value while the economy is doing poorly. The Fed just opened the spigot and the dollar is holding….what does that say?? It is still very early but worth watching.
“it looks like all the metals went down and the dollar is about even:”
I think somebody pointed out on another thread that the classic deflationary argument only works if the currency can hold value while the economy is doing poorly. The Fed just opened the spigot and the dollar is holding….what does that say?? It is still very early but worth watching.
“it looks like all the metals went down and the dollar is about even:”
I think somebody pointed out on another thread that the classic deflationary argument only works if the currency can hold value while the economy is doing poorly. The Fed just opened the spigot and the dollar is holding….what does that say?? It is still very early but worth watching.
“it looks like all the metals went down and the dollar is about even:”
I think somebody pointed out on another thread that the classic deflationary argument only works if the currency can hold value while the economy is doing poorly. The Fed just opened the spigot and the dollar is holding….what does that say?? It is still very early but worth watching.
I understand the metals going down, as good positions need to be liquidated in order to meet margin calls.
The dollar surprised me too. It looks to be holding against western currencies…asian ones are another story. Check out what FXY (yen etf) has been doing lately.
I understand the metals going down, as good positions need to be liquidated in order to meet margin calls.
The dollar surprised me too. It looks to be holding against western currencies…asian ones are another story. Check out what FXY (yen etf) has been doing lately.
I understand the metals going down, as good positions need to be liquidated in order to meet margin calls.
The dollar surprised me too. It looks to be holding against western currencies…asian ones are another story. Check out what FXY (yen etf) has been doing lately.
I understand the metals going down, as good positions need to be liquidated in order to meet margin calls.
The dollar surprised me too. It looks to be holding against western currencies…asian ones are another story. Check out what FXY (yen etf) has been doing lately.
