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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GoodGord who wrote (81048)3/18/2016 6:28:49 AM
From: GROUND ZERO™1 Recommendation

Recommended By
Hawkmoon

  Read Replies (1) | Respond to of 218583
 
Hmmm, that could be, but maybe not... a weaker dollar would manipulate and increase only the generic price of oil, it wouldn't raise the value price due to increased demand for oil... only supply and demand could effect oil prices... you could trash the dollar down to zero and the "price" of oil would therefore rise... BUT only generically in relation to the value of the currency itself... it does nothing to increase the fundamental value of that oil...

The exact same thing with gold... presuming the supply and demand are constant, then the price of gold only moves higher and lower due to the number of dollars it take to buy that ounce of gold...

So, a weaker dollar may raise the price of oil, but not because demand has increased...

GZ