enjerth
11-07-2007, 11:48 AM
I saw this on another forum. I checked out the dollar index and it's right on.
http://www.fxstreet.com/rates-charts/usdollar-index/
There you can select a period of up to 1000 days, which shows the lowest bottom on the previous downtrend was January 2005 when the dollar hit an index of 80 after peaking around 90 a few months earlier. This downtrend starts at 82 and it's falling much faster.
It's gonna be an expensive winter for oil heating (and imports in general). 2004/05 was bad, but we're starting from just above the 2004/05 bottom and falling from there.
US Dollar Index August 15- 82
US Dollar Index Today 76
That is, a 7.3% drop as measured against six other major world
currencies in less than 3 months
Gold, August 17 $650
Gold, Today $821
That is, a 26.7% increase since August 17
Silver, August 17 $11.60
Silver, today $15.31
That is, a 31.98% increase since August 17
Oil, light crude NYMEX, August 21 $69
Oil, today $96.46
That is, a 39.8% change since August 21.
http://www.fxstreet.com/rates-charts/usdollar-index/
There you can select a period of up to 1000 days, which shows the lowest bottom on the previous downtrend was January 2005 when the dollar hit an index of 80 after peaking around 90 a few months earlier. This downtrend starts at 82 and it's falling much faster.
It's gonna be an expensive winter for oil heating (and imports in general). 2004/05 was bad, but we're starting from just above the 2004/05 bottom and falling from there.
US Dollar Index August 15- 82
US Dollar Index Today 76
That is, a 7.3% drop as measured against six other major world
currencies in less than 3 months
Gold, August 17 $650
Gold, Today $821
That is, a 26.7% increase since August 17
Silver, August 17 $11.60
Silver, today $15.31
That is, a 31.98% increase since August 17
Oil, light crude NYMEX, August 21 $69
Oil, today $96.46
That is, a 39.8% change since August 21.