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The point is definitely true of all US-dollar commodities (which is basically every commodity price out there). I wrote the article, actually, in response to a
by stindle 11y ago
The point is definitely true of all US-dollar commodities (which is basically every commodity price out there). I wrote the article, actually, in response to a question from a reader of our email who was confused when I wrote: "commodities are priced in US dollars, so their price goes down as the US dollar goes up." I had initially thought perhaps that this concept was, as you say, more obvious than it actually appears to be for many people.
Original article & question is here: http://beta.finimize.com/general/too-much-oil-copper-too-little-demand/ http://beta.finimize.com/general/too-much-oil-copper-too-lit...
- mikeash 11y agoWell, it's clearly not fair to accuse you of being deliberately obtuse when it was prompted by a question like that! Anyway, thanks for the context.
- stindle 11y ago:) To be fair to the person, we bill ourselves as a simple email-based daily read of the financial news (hence the Q&A function for when we're not as simple as we'd like)