The dollar: the new safe haven?

- October 26th, 2008

Silver Investing News reports silver fell 8% with the global markets hit with the recent financial crisis. The precious metals along with other commodities are also taking a hit from dollar gains. “We’re still seeing margin-call liquidation and the dollar strengthening,” said Heritage West Futures commodity analyst, Ralph Preston. “The dollar is firming and pushing commodities … Continued

Silver Investing News reports silver fell 8% with the global markets hit with the recent financial crisis.

The precious metals along with other commodities are also taking a hit from dollar gains. “We’re still seeing margin-call liquidation and the dollar strengthening,” said Heritage West Futures commodity analyst, Ralph Preston. “The dollar is firming and pushing commodities down. The dollar is being perceived as a safe-haven play.”

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