Saturday, January 30, 2010
Is it a coincidence that my first blog is on the same day that China announces it's angry with the U.S.A. for supplying arms to Taiwan? I do not know if I believe in coincidences, but I do believe in the importance of commodities in a world wound up as tight as a Father before his first daughter's wedding. This year of 2010, the year every person hopes to be better than 2009, will emerge as the year of the commodity. Currency devaluation is now a world wide epidemic that has come out of hiding in the past few months. Like a turtle sticking its head out, the currency devaluation began with U.S. dollar then retreated and then came all the way out in the falling of the Euro currency. "It's not just the U.S.A. that's screwed" is a comment I often hear in the trading pits as we watch the currencies fluctuate. This currency issue converging with an intense international climate will escalade commodity prices regardless of economic downturns.