The dollar has rallied to its highest level in 19 years, although rather than it being due to some inherent strength, analyst Dave Kranzler points out how it’s instead a reflection of concerns in the credit markets.
The idea that fuel prices fluctuate because of the small spread charged by gas stations is absurd. It would be like blaming bullion dealers for the market price of ordinary gold coins.
For a variety of reasons, the Fed is losing credibility with the public. That’s a long-term threat to the value and world reserve status of the U.S. dollar.
Russia is the world’s second largest producer of gold. The truth is it is very difficult to enforce meaningful sanctions on a globally traded, fungible commodity such as gold or oil.
