Sunday, April 24, 2011 7:34:56 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.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM