Limits To Commodity Growth?

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Michael Casey thinks the rebound in the U.S. dollar, and the declining equity and commodity markets are all related.  He refers to a "short squeeze" which is how I described it myself, last week.  As Qualitative Easing (QE2) comes to an end, I think people are anticipating a rise in interest rates.  Rising interest rates are bad for markets and good for the dollar.

Do you see the U.S. dollar continuing to go higher?  Do you think commodity markets have peaked?