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stock_peeker

05/21/09 2:11 PM

#114678 RE: stock_peeker #114675

13:31 Pimco's Gross says U.S. dollar, stocks, bonds selling off on fears that U.S. at risk of losing AAA rating - Reuters
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stock_peeker

05/22/09 10:58 AM

#114720 RE: stock_peeker #114675

10:35 Dollar Slides; PMs sing!!!

The U.S. dollar continues to trade with considerable weakness, which has taken the Dollar Index (-0.6%) to 2009 lows. With the dollar down, commodities are garnering support. As such, the CRB Commodity Index is up a healthy 0.4%, which extends its week-to-date gain to 3.0%... While the CRB is up, crude oil prices have been looking for direction this morning. Oil currently trades with a modest 0.1% loss at $61.00 per barrel. Meanwhile, natural gas prices are down 2.2% to $3.52 per contract... Precious metals are giving off a luster, though. Gold was last quoted 0.9% higher at $959.90 per ounce, while silver was quoted 2.0% higher at $14.75 per ounce.