ALWAYS BET ON GREEN:

Daily Forex Commentary (Jack Crooks, 5/13/05, Asia Times)

Oh Mr Buffet! Mr Buffet! Where are you?

Yes, we are waiting for the sage to publicly capitulate to the dollar trend. And frankly, we can hardly contain our glee in anticipation of such an event. Based on Mr Buffet's replication appeal, his capitulation will probably lead to capitulation on the part of his bridge playing buddy - you know, the one with the glasses - Bill something or other.

The tanking of commodities on Thursday probably had something to do with the dollar rising. After all, commodities have represented a real store of global purchasing power because the major commodities are priced in dollars. A weak dollar means higher commodities prices, assuming everything else remains equal, as the economic textbooks like to say (they use Latin, however, when they say it, sounds more impressive). So, everything else remaining equal, a strong dollar equals weaker commodities prices. But as we know, in the world of continuously fluctuating prices and expectations about prices based on a future we can only dimly guess at - besides the element of individual human action at a point in time - nothing ever remains equal in the real economic world.