PatColo
3rd December 2014, 06:02 AM
Kitco has this nifty new Markets (http://www.kitco.com/finance/) page, not to be mistaken for their All Metal Quotes (http://www.kitco.com/market/) page, which happens to end with .../market in the URL.
So clicking the US Dollar Index chart takes us to that 72 hour USD graph page (http://www.kitco.com/finance/details.html?j1_module=indiceDetail&popup=1&j1_symbol=%24DXY&j1_region=US&j1_selected=chart&_hostparams=&js=1) (java, doesn't paste here...). You can change the time period, and other options, below. Check the 10, and/or 20 year periods. USD's current 88.8x level takes us back to March '06, nearly 9 years. But check the 20 year chart, and notice that if USD exceeds that Nov '05 91.57 peak, that would take it back to Oct/Nov '03 as USD was descending from that lofty Jan '02 peak of 120.22. :D
Bad for US exports? What does US export anymore? GMO crops and JooweyWood movies.
Good for ChinaMart shoppers (IE imports)? Depends... they won't lower prices if they don't have to... depends on the item, and whether there's still any Mom/Pop shops competing in their area market, which ChinaMart hasn't starved out yet.
Bad for commods? Well, you'd think.... but use the "Compare to" overlay function at that kitco USD page, and select the "S&P GSCI Index". While the major USD rallies and waterfalls correspond contrarily; looking at the 20 year view of that... well, gets confusing coz the lines cross in latter half of '04, and kitco could uses some improvement with the line/shading colors to keep track, but notice GSCI is a good deal higher now than it was the past several times the USD has been in this 88 area.
And, we're talking about PMs, not the whole diverse GSCI basket of commods. King of commodities: crude, and its partners gasoline & heating oil, have lost ~1/3 of their value since August, ripping the GSCI index a new one.
Average PM is around 3x today vs what it was in Dec '04. Why doesn't KITCO have GOLD as an option in their "Compare to" selections? http://gold-silver.us/forum/images/smilies/300%20%2824%29.gif Anyone know a charting site where we can see gold and USD overlayed?
So clicking the US Dollar Index chart takes us to that 72 hour USD graph page (http://www.kitco.com/finance/details.html?j1_module=indiceDetail&popup=1&j1_symbol=%24DXY&j1_region=US&j1_selected=chart&_hostparams=&js=1) (java, doesn't paste here...). You can change the time period, and other options, below. Check the 10, and/or 20 year periods. USD's current 88.8x level takes us back to March '06, nearly 9 years. But check the 20 year chart, and notice that if USD exceeds that Nov '05 91.57 peak, that would take it back to Oct/Nov '03 as USD was descending from that lofty Jan '02 peak of 120.22. :D
Bad for US exports? What does US export anymore? GMO crops and JooweyWood movies.
Good for ChinaMart shoppers (IE imports)? Depends... they won't lower prices if they don't have to... depends on the item, and whether there's still any Mom/Pop shops competing in their area market, which ChinaMart hasn't starved out yet.
Bad for commods? Well, you'd think.... but use the "Compare to" overlay function at that kitco USD page, and select the "S&P GSCI Index". While the major USD rallies and waterfalls correspond contrarily; looking at the 20 year view of that... well, gets confusing coz the lines cross in latter half of '04, and kitco could uses some improvement with the line/shading colors to keep track, but notice GSCI is a good deal higher now than it was the past several times the USD has been in this 88 area.
And, we're talking about PMs, not the whole diverse GSCI basket of commods. King of commodities: crude, and its partners gasoline & heating oil, have lost ~1/3 of their value since August, ripping the GSCI index a new one.
Average PM is around 3x today vs what it was in Dec '04. Why doesn't KITCO have GOLD as an option in their "Compare to" selections? http://gold-silver.us/forum/images/smilies/300%20%2824%29.gif Anyone know a charting site where we can see gold and USD overlayed?