I think the dollar is getting stronger for some reason. The stock market is dipping, too.
I think the dollar is getting stronger for some reason. The stock market is dipping, too.>>>>>>
I’ll bet the Federal Reserve is behind a lot of this. They have an intimate relationship with the primary dealers and can urge them and incentivize them to pile on the shorting of silver gold oil commodities which all jacks up the USD. The Federal Reserve has a permanent interest is having a respectable dollar because dollars are their stock in trade. Gold and silver are not
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List of the Primary Government Securities Dealers Reporting to the Government Securities Dealers Statistics Unit of the Federal Reserve Bank of New York
BNP Paribas Securities Corp.
Barclays Capital Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Daiwa Capital Markets America Inc.
Deutsche Bank Securities Inc.
Goldman, Sachs & Co.
HSBC Securities (USA) Inc.
Jefferies & Company, Inc.
J.P. Morgan Securities LLC
Merrill Lynch, Pierce, Fenner & Smith Incorporated
MF Global Inc.
Mizuho Securities USA Inc.
Morgan Stanley & Co. Incorporated
Nomura Securities International, Inc.
RBC Capital Markets, LLC
RBS Securities Inc.
SG Americas Securities, LLC
UBS Securities LLC.
You are correct. Oil, gold and silver are priced in dollars. They aren’t dropping in value, the dollar is going up. Look at the exchange rates against the Pound and Euro. The dollar has gained 3% today alone. If oil, gold and silver were truly dropping in value, the exchange rates would stay constant.