SPDR S&P 500 (SPY): yeah but the us buck has been declining...

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Re: GLENO34 post# 80388

Wednesday, 05/06/2009 5:48:39 PM

Wednesday, May 06, 2009 5:48:39 PM

yeah but the us buck has been declining for 2 wks or so and commodities have not been raging. I dont understand the surge in commodities today. if the euro boys cut tomorrow, the dollar may bounce. half way thru the day all resource plays were getting bot. gold was relatively lagging. silver already broke out.
i'm not complaining but just trying to figure this out. look at the move in oil and even natgas today. i'm long the aussie cause its resource based.

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