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Oil Surges As Dollar Tumbles To June Lows; Financial Conditions “Easiest” Since Last Summer

Tuesday, April 19, 2016 9:49
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Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

zerohedge.com / by Tyler Durden / 04/19/2016 10:43

Whether or not there was a secret “Shanghai Accord” to push the dollar lower, the outcome has been clear: moments ago, the USD as measured by the Bloomberg Dollar spot index just dropped to the lowest level since June 22, long before the Fed commenced its rate hikes, indicating that the market is, at least for now, convinced that the Fed is “one and done” and that Eric Rosengren’s warning that rate hikes will accelerate from here is nothing but a hollow threat.

This was perhaps to be expected: just one month ago Goldman was pounding the table on how there was “no central bank conspiracy” to push the dollar lower, and how clients should keep buying the USD because “Goldman is right, and the market is wrong.”

Once again, Goldman was wrong and the market is right. It also suggests that Goldman was wrong about the “central bank conspiracy.”

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The post Oil Surges As Dollar Tumbles To June Lows; Financial Conditions “Easiest” Since Last Summer appeared first on Silver For The People.

Thanks to BrotherJohnF



Source: http://silveristhenew.com/2016/04/19/oil-surges-as-dollar-tumbles-to-june-lows-financial-conditions-easiest-since-last-summer-2/

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