MacroVoices #349 Rory Johnston: Crude Oil Outlook & SPR Discourse
Macro Voices
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Is the US Dollar Going to Reopen?
Eric Schlossberg: Gold is a cross currency to the US dollar. He says it's premature to be getting excited about this rally, but we'll have to wait and see if bulls can build on it. In copper, he says there may be an entire commodity complex rally that could last for months or even years.Schlossberg: We've gone through a nine month shitshow in almost every asset class. A one to three month counter trend rally would not be uncharacteristic in this kind of oversold condition.
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