Interweaving threads from science, politics, economics, and history.
Monday, March 7, 2016
Update on goldxUSDX
Following from this post last week, based on the Friday afternoon fix for gold, goldxUSDX has now surpassed the last high. 1243.52 vs 1229.93. Just in time for PDAC!
"Rogers added that a strengthening U.S. dollar has historically been negative for commodities—the asset class that the investor is best-known for."
ReplyDeleteI do not know the reason for this or if it is so. But, saw this and thought you might be interested.
Jim Rogers: There's a 100% Probability of a U.S. Recession Within a Year
http://www.bloomberg.com/news/articles/2016-03-04/jim-rogers-there-s-a-100-probability-of-a-u-s-recession-within-a-year