Trader Talk

Weak Dollar Lifts ALL Key Commodities

I know that oil is getting a lot of buzz today: It's up 4 percent on reports that Venezuela is moving troops to the Colombia border and on a strong Dept. of Energy report on oil.

But the fact is that it is the weakness of the dollar -- another record low against major currencies -- that is lifting ALL major commodities today, with new highs in copper, silver, gold, and heating oil.

As a result, commodity-related stocks across the board -- including steel, copper, aluminum, gold, fertilizer, etc. -- are all up roughly 3 to 6 percent.

Questions?  Comments?