With the US$ Index trading down -1.2% at $85.82 so far here today, you are seeing a real time example of what I mean. Commodities are raging higher alongside stock markets and foreign currencies, globally. “In the end, we’re all dead”, but in the immediate term, FREE money has it’s short term correlations. Just because we have seen this movie end poorly before doesn’t mean we cant watch it live again.
This is what you get when you have a politicized US Federal Reserve working with a Goldman leverage banker. “Heli-Ben”, drop moneys from the heavens, and “Re-flate”!
Positive intermediate “Trend” line support for the US$ is all the way down at $81.85. That’s a long way from here…