Loading ...“These interventions only work for a few weeks but usually have a political motive. The dollar has run so far it should be about peaked even with interest rates going up.”
No question this is politically motivated. The uniparty in D.C. is likely calling on their Wall St. connects to intervene in the commodity markets, in particular oil to bring things down for the election.
I guess maybe the USD will die of exhaustion?
Deer79 – I think you are spot on. Oil is facing an unlimited amount fiat to take it down in the paper markets. What happens when it gets lower than Putin or the Saudi’s want and they refuse to honor the paper price?
Unfortunately, commodities cannot be traded with the USD as the price point, it’s far too corrupted.