Stock Market down due to inflation worries...and PM tank with it...
dlimb2
Posts: 3,449
Does anyone agree with manipulation!
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If inflation continues to run then the FED will be forced to keep raising rates. As rates go up the dollar continues to look attractive against other currencies. There is still a 110 basis point difference between long term US debt and long term German debt. You are getting paid for increased risk. The dollar is bouncing quite strongly today, hence the weakness in commodities.
Knowledge is the enemy of fear
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)