Nobody aroud world wants strong currency.
If Euro and CAD continue to rise, a lot of companies will go out of business. In Canada the auto industry may disappear and move to Mexico. Is that what they want? Having said that I sense market intervention would occur anytime. A rebounding dollar and Yen, recession fears plus ballistic rise in last a few months signaled some serious risks for commodities.
This is my first time being caustious for commodities since August. it doese not mean it is gonna happen tomorrow but all elements are already there.
Long term big picture doesn't change. We are still going to global hyperinflation accompined deflation in certain countries and sectors.