The dollar has risen against the Euro recently. And aginast gold. Oil is up, though, which ought to wake up economic forecasters so they look beyond this afternoon. The price of gold is not critical to the economy, but the price of oil is fundamental.
Agreed. While I own gold, I've never understood the 'gold bugs'.
"....but the price of oil is fundamental...."
I wonder when we can get the Caspian oil fields online? Certainly that clown Chavez in Venezuela hasn't helped the situation.
Also.........Officials have touted the advantages of outsourcing and the cheap labor involved, which gives WalMart all those cheap consumer products. HOWEVER, China, being a major manufacturer now NEEDS energy to produce those goods that we're outsourcing the manufacturing of. Of course, this comes with an increase in demand for oil (energy) from the Chi-coms to produce those goods. I wonder whether we're cutting our own throat in a round-about way here.
IMHO, also.........Additionally, the Chi-coms don't do much for the stabilization of the world anyways. Seems to me between being buddy-buddy with North Korea, secret Nuke-bomb part shipments to Pakistan, bullying of Taiwan, etc. that they are more trouble than their worth (apologies to Dianne Feinswine, Al Haig and Kissinger who have business ties there).