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Post# of 704047
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ajtj99

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ajtj99

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Re: TREND1 post# 240399

Thursday, 05/06/2004 10:06:25 AM

Thursday, May 06, 2004 10:06:25 AM

Post# of 704047
Gold basically trades inversely to the USD. Oil, like most commodities, is priced in USD, but its price reflects basic supply and demand.

If you take into account the 25% drop in the USD cross rate since Jan. 2002, the price of oil is not so outrageous. It would be about $30/BBL at Jan. 2002 USD rates.

Americans do not realize the reason prices on goodsd are increasing is basically due to the weak USD. Commodities are priced in USD on the world market.

http://www.investorshub.com/boards/board.asp?board_id=1613
AJTJ's Market Pulse
Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.

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