OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Oil breaks $70 and the dollar is strengthening

Posted by Elliott @ 7:03 on May 7, 2018  

Historically, there’s been a pretty consistent correlation between oil prices and the US dollar. When the dollar strengthened, oil prices would fall — and vice versa.  But that correlation seems to be defunct now because the USA used to be an oil importer, and now it is an oil exporter.  So what does this mean for gold?

https://www.reuters.com/article/us-global-markets/u-s-oil-cracks-70-dollar-heads-towards-2018-high-idUSKBN1I800Z

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.