But the real drive behind the rally, many analysts said, is an influx of speculative "nontraditional" capital into energy commodities. And that inflow increases when the dollar falls.rather unpersuasive. Commodity futures have transaction costs and uncertainty levels that make them unlikely havens for those who frighten easily. Unless I match it to this rant, which includes this illustrative paragraph:
In the Boston Tea Party, patriots dumped tea into the ocean rather than pay the taxes imposed by a distant king. On the NYMEX, they dumped 117M barrels that were scheduled to be delivered to the American people - BARRELS YOU ALREADY PAID FOR AT THE PUMP - in order to create a bogus shortage so you can pay record high oil prices to a distant sheik.
This isn’t just criminal behavior - it’s TREASONOUS!
Perhaps it's a rigged game that "everyone" has just discovered? I could admit to the possibility that someone frightened by a falling dollar might flee to the safety of a game which he presumes to be rigged. In which case there will be some very sad faces when the music stops, as it inevitably will, leaving a rather significant shortage of seats for those whose ears are not attuned to the abrupt cessation.
Another alternative involves wide knowledge that the Israeli raid on Syria was actually just a test of the new Russian provided air defense system. The one that is supposedly identical to that which the mullahs have emplaced as a ward against the US doing site preparation work for major reconstruction projects all over Iran.
I'm sure there are other, more reasonable scenarios, but the thought of major site preparation work in Iran remains a fond hope.