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Wednesday, December 17, 2008

Dollar free fall

SO the US Dollar ( USD ) is in a free fall, thats sending Gold way higher. My guess is it will also send commodities higher. Why Oil is down , I have no clue.
Jim Rogers keeps talking up the AG and other commodities. Man, he says the USD will be much much lower. If that is the case and it does seem like that, then we will likely see huge rallies in commodities.
I am waiting for some small move up in the USD, consolidation , after it fell from 1.24 too 1.41 against the Euro in a few days. maybe it goes back to 1.36 or so? who knows. But cannot buy this rally, has to pull back a bit maybe.

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