Loading ...“EXCESS BUYING AT THESE LOW PRICES” re APMEX THIS MORNING.
If the Dollar keeps going up like this, it will definitely kill the energy, farming mining, sectors and slow down the US economy, and speed up Europe’s and other nations economies.
Higher dollar equals more imports and less exports. Higher Dollar exports US consumer Dollars, lower Dollar imports other countries consumer Dollars. So far the lower dollar from way back has enabled the USA to buy oil from ourselves and export oil too.
I think the Global PTB thinks the USA had enough stimulation, and is putting USA recovery on hold (screw the producers) to help other US dependent nations weak economies.
The question is for how long? Are they DONE yet? At this Dollar rally height since June??