Sharky:

Right now the US$ is strong because of the European currency problems in Ireland, Portugal, Spain, etc., which undercut the Euro. However, the US also has enormous fiscal imbalances. If and as the Euro problems resolve, the US$ will fall. It only stays strong, or at least relatively strong in relation to recent levels because of the EU problems. Once they pass, the US$ will likely resume its downard trend. Then it is only a matter of time until the US$ comes under attack and in my lowly opinion, becomes problematic. That is when we will see the US$ come under attack and possibly a severe one. Then oil will move up rapidly. The bond vigilanties tend to address one currency at a time. With our quantitative easing" (otherwise known as {"unbacked money printing", it is only a matter of time, as we are now up to a total of 4 trillion make believe Dollar expansion of the money supply in a two year period. A fully 33% total increase. Anyone really believe that the US$ is 33% more valuable than it was than it was two years ago? Particularly as total US Governmental liabilities are in the 200 trillion neighborhood?? Now that is a truly big number. Even for our "dumber than sheep dip" political savants!

Then is when oil, which is priced in US$ will quickly take off. As will gold priced in US Dollars and all other commodities.

Still struggling to stay ahead of Ben Bernanke, I remain,

Brian