I mentioned a couple of days ago that the EUR/USD was poised for a breakout, and break out it did. The tumbling dollar has given precious metals a hearty boost as well as the Treasury Ultrashort TBT:
I used to think this would also be a big positive for energies (like OIH), but it doesn't seem to be working out that way. I'd love to hear your insights on what you think the effects of continuing weakness in the US dollar would be.
