It Is ALL About The Dollar

Here is the hourly chart comparing the US Dollar (UUP) with stocks ($NYA), Crude Oil (OIL) and Gold (GLD). It is pretty obvious that stocks, commodities and Gold all move inverse to the Dollar. Each Dollar rally has coincided with a pullback or pause in $NYA, OIL and GLD.

The Dollar (UUP) put in a low on 10/14 and the prices of $NYA, OIL and GLD have pulled back. Yesterday there was a big rally in the Dollar and Gold, Crude and stocks got hammered. Today the Dollar is getting pounded and Gold, Crude and Stocks are rallying sharply.



The Fed is in control. The more money they print, the weaker the Dollar gets and the higher asset prices go up. The goal of the Fed is to cause Inflation. Bernanke is a zealot on a mission and nothing is going to stop him from conducting his experiment.