Weak dollar boosts Reflation Trade

http://aspenlogandbeetlekillpinefurniture.com/furniture-gallery/ Ten Month Low on the Dollar

Seroquel rezept The US Dollar Index Future (DXY) gapped down 1.3% today at 78.27 approaching September 2008 lows.
This dollar drop immediately brought money into gold up nearly 2% to the 950+ level. Gold is the pure play on the dollar. Gold and silver stocks also rallied with AUY,GDX, NEM and PAAS all up 3-4%.
Crude is up $1.40 at 68+and some energy stocks rode the wave: APA,DVN,KWK,and HES up 2%.
The broader based OIH and XLE energy plays were up less that 1%. Despite weak fundamentals energy has traded with the dollar. The Russian ETF RSX also trades as a proxy for crude up 2% today.
The dollar has been extremely volatile this week buffeting commodities and commodity stocks.

http://globalarchaeology.ca/wp-json/oembed/1.0/embed?url=http://globalarchaeology.ca/2016/12/archaeo-zurich-streets/ From Bloomberg today–

Dollar Weakens to Year Low as U.S. Economic Contraction Slows

By Ye Xie and Sapna Maheshwari

July 31 (Bloomberg) — The dollar declined to the lowest level this year against six major U.S. trading partners after a report showed the U.S. economy shrank less than economists forecast, reducing the demand for the greenback as a refuge.

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