War is good for oil…
NEW YORK (MarketWatch) — The U.S. dollar declined Monday, with crude oil prices advancing as Israeli air strikes in the Gaza Strip continued.
The Swiss franc, a traditional safe haven currency, and the commodity-based Australian dollar, both gained more than 2% versus the U.S. dollar.
The euro advanced to $1.4271, up about 1.7% from $1.4031 in late North American trading on Friday.
“Euro strength and dollar weakness further emerge in thin trading activity as geopolitical uncertainty creeps higher,” said Ashraf Laidi, chief market strategist at CMC Markets.
If 2003 (low point for DOW) was 1932, then 2009 would be 1938. Which means WIII is right around the corner…
Gaza is like a Nazi ghetto. Rage abounds the world over at the plight of the Palestinians. The Israeli/Neo-con sway over the Democrats means more war and economic hardship for America. The myth of American/Israeli might is going to die with America’s economy.
Obama is a Zionist tool who is going to get the USA involved in a catastrophic war on behalf of his Zionist Israeli masters.
havent you said that a thousand times before #3?
And as oil prices go up the dollar slumps which is good for our trade deficit.