Many key commodities are breaking support, ranging from the CRB Index, Crude Oil, Commodities ETF (DBC) and Gasoline futures. This has my attention, and here's why: The majority of the time that Crude Oil & Gasoline have been soft, it may have been good for prices at the pump, but it wasn't good for stock prices.
At the same time some of the key macro commodities are breaking down, the U.S. Dollar is bouncing off support and breaking above a bullish falling wedge.
Joe Friday: Often times a breakdown in these commodities reflected a weaker macro picture for the economy (Deflating) going forward."
Stay tuned.
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Commodity Breakdown, Dollar Breakout: Hints Of Deflation?
Published 11/01/2013, 02:56 PM
Updated 07/09/2023, 06:31 AM
Commodity Breakdown, Dollar Breakout: Hints Of Deflation?
Latest comments
USD is going up since deflation makes the USD, i.e. cash, King.. The same deflationary down wave hitting us over and over is causing gold and oil to sink.. . In light of this onslaught of deflation, Grandma Yellen will have to not only abandon tapering to die a natural death, but she is going to have to raise QE to $110+ billion just to push back against bond vigilantes.. . My vite goes to Grandma Yellen..
Your best topic of the month~. But, please, the $ is not out of its f u n k. ~ The demand is from shorts covering and the bad news out of Europe ~ I see, The $, finishing the year, at 78.. Disclosure: I am an amateur gambler- investor.
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