Sunday, April 24, 2011 7:20:04 AM
Here's another way of looking at it:
what if you pick the most important commodity you can think of and price both the USD and the commodity in terms of gold. so that way you could compare the two charts in time and maybe see something we haven't seen before:
See below: WTIC USD priced on gold:
Oil has mostly kept with the price of gold except during the massive run up and shorting fall during late 2008. Excluding that oil has flat lined -- and I consider oil a very important commodity.
(As a side note, it doesn't seem like the run-up at the pump is greedy speculators but totally due to the weak dollar)
USD (in gold)... it peaked in late 2008 and ever since has been declining, like for the past two years.
what if you pick the most important commodity you can think of and price both the USD and the commodity in terms of gold. so that way you could compare the two charts in time and maybe see something we haven't seen before:
See below: WTIC USD priced on gold:
Oil has mostly kept with the price of gold except during the massive run up and shorting fall during late 2008. Excluding that oil has flat lined -- and I consider oil a very important commodity.
(As a side note, it doesn't seem like the run-up at the pump is greedy speculators but totally due to the weak dollar)
USD (in gold)... it peaked in late 2008 and ever since has been declining, like for the past two years.
$ 14 , 2 9 4 , 0 0 0 , 0 0 0 , 0 0 0 . 0 0-current US limit
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