After Treasury Department's 1.1 trillion dollar pump into the economy, everybody knows what gonna happen: inflation rate gonna be shoot the moon. So investor seek opportunity to sell dollar for other currency. Dollar slipped to as low as 1.4807 at 3.00pm ET.
As a result, crude oil rally. Light, sweet crude for October delivery jumped as much as $25.45 (24.2%) to $130 a barrel on the New York Mercantile Exchange before falling back to settle at $120.92, up $16.37. This is the biggest rally that crude oil ever have.
If you think crude oil will stop from rallying, then you are wrong. This is just the tip of an ice field. Not only crude oil rallies but most major commodities rally too. Gold future up 40 dollar or 4.73% to 905 per ounce, Soy oil up 2.63 or 5.55% to 50.03, corn up 16.25 or 3% to 558.50.
Dollar fell against every major currency in the world. Dollar index fell 1.54 or 1.98% to 76.4. Dollar fell between 1.35% to 2.5% against major currency in the world which include Swiss Franc, Euro, Aussie Dollar, Pound, Yen and others.
I can guarantee you if government continue to act like this, commodity will boom like crazy and dollar will fell like it is worthless but there are no evidence government will stop their silly move!
So protect your wealth and earn profit from this situation. Sell US dollar against any major currency in the world and long any important commodity such as gold, silver, crude oil, soy oil and soy bean.
For those who already make money from that, Thank you to US government because at least they will make something rise!
1 comment:
This is one of the best blogs Ive ever read. Youve got some mad skill here, man. I just hope that you dont lose your style because youre definitely one of the coolest bloggers out there.
Paras Tierea sec 137
3 BHK apartments in noida
3 BHK apartments on expressway noida
residential projects on noida expressway
Post a Comment