Does anybody think the massive commodities sell off is meaningful ? It seems like the machines that got stuck going up are now driving it down. Are they making money dragging it all down ?
I don't buy the "global slow down" therefore oil follows grains, gold follows oil. I get the feeling "THEY" are trying to kill gold just because it will prop the dollar up, and that's their last hope.
I don't see any basis for the big dollar rally. I wouldn't be surprised if a deal was struck with the Big Holders of US Debt that they would buy dollars (and why wouldn't they want the buck propped ?) in exchange for the US protecting Fannie and Freddie.
Now it isn't for share price that those holders needed to be protected, because the share holders got killed. Its the debt of F & F, right ? That's what the Chinese hold in weight.
None of this is good for nobody.
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