E EliteTraderNYC Feb 9, 2013 #1 Hey guys whats the best forecaster of commodity prices? Is it US Dollar, interest Rates, VIX, or the SPY?
Hey guys whats the best forecaster of commodity prices? Is it US Dollar, interest Rates, VIX, or the SPY?
M morganist Feb 9, 2013 #3 Quote from EliteTraderNYC: Hey guys whats the best forecaster of commodity prices? Is it US Dollar, interest Rates, VIX, or the SPY? More... It depends on the commodity. They say silver has a 70% negative correlation to the USD. I am not too sure about whether there is a universal mechanism that affects commodities apart from perhaps oil?
Quote from EliteTraderNYC: Hey guys whats the best forecaster of commodity prices? Is it US Dollar, interest Rates, VIX, or the SPY? More... It depends on the commodity. They say silver has a 70% negative correlation to the USD. I am not too sure about whether there is a universal mechanism that affects commodities apart from perhaps oil?
