What the Strong Dollar Does to Yellow and Black Gold and Why We're Seeing Green
By GCRU Gold News on Sunday, October 19 2014, 00:59 - Permalink
As heretical as it sounds, there’s a downside to America’s success, and that’s a stronger dollar. For the 12-month period, our currency has seen a 1.1-standard deviation move, which has put pressure on two commodities that we consider our lifeblood at U.S. Global Investors: gold and oil.