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Craig Hemke at Sprott Money: The soaring dollar crushes the commodity rally
By Craig Hemke
Sprott Money, Toronto
Wednesday, April 25, 2018
Just last week it appeared that a general rally in commodities was underway.
Gold, silver, the base metals, and crude oil were all soaring. But now, less than one week later, prices are falling sharply. And why?
Blame the high-frequency traders who trade the digital derivative contracts.
They've "seen" the sudden, sharp rally in the U.S. dollar and they have been quick to dump their metals exposure as quickly as they bought it last week. ...
... For the remainder of the analysis:
https://www.sprottmoney.com/Blog/the-soaring-dollar-crushes-the-commodit...
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