Weekend Dec 29 2019
It appears that the US Dollar is weakening. This is providing strength to commodity prices, specifically metals and energy.
U S Dollar and Silver
As th esiler price is denominated in dollars in this country the ratio chart of the dollar versus silver is same as the silver chart.
Here the US Dollar is falling while at bottom silver is climbing, copper looks the same, oil has yet to really get going.
Energy trusts may be a bit ahead of themselves. The trading has exceeded my expectations on what should have been slow days Thursday and Friday.
Gold in particular really took off and may be a bit ahead of itself.
I don't know what it means economically that the dollar may be weakening, perhaps the perception that the US is not the master of its own trade deals, who knows, but that is what is happening.
I do expect a better year for gold silver copper and energy markets. It may be that they outperform the SPX.
Will update as the week unfolds
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