Stefanie Kammerman, the Stock Whisperer, to tell you the Whisper of the Week: GLD and SLV in my week...
Dollar up, commodities down (and vice-versa)
04/19/2011 6:05 pm EST
For example, yesterday (April 18) when the dollar was climbing against the euro earlier in the morning, oil, gold, and silver were all down. At 10:36 in New York when the dollar had erased its early losses, oil had dropped to $106.74 a barrel, gold was selling for $1484.70 an ounce, and silver traded at $42.26 an ounce.
At 11:22 in New York, by which time the dollar was sliding again, oil had moved back up to $107.08 a barrel, gold had rallied to $1495 an ounce, and silver was trading at $42.82.
I think this pattern will dominate the stock market for a while.