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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (56853)	10/25/2009 3:32:05 AM
From: elmatador	Read Replies (1) \| Respond to of 217885

oil is holding USD: As soon as oil is priced in other currencies the thing will sink like a stone.

To: Haim R. Branisteanu who wrote (56853)	10/25/2009 3:51:05 AM
From: elmatador	Read Replies (1) \| Respond to of 217885

Oil importers need to buy USD to pay for the oil. Without that demand USD will plummet. A currency is like any good. If there is a lot of it, and there are takers the price holds. If there is less demand for that said good its price goes down. The demand for USD are from importers that need to buy USD to pay for the goods they import. Go tell this to the guys who went to school...