For the next decade or two, resource investing is going to be a tale of two themes: the U.S. Dollar and China. The dollar is weakening this week as European diplomats begin to get serious about fixing the euro zone. A weaker dollar is good for the resource investor.

The Chinese economy is back on the market’s radar, however, after HSBC’s Purchasing Managers’ Index (PMI) for July dropped below 50. The reading of 48.9 signals contraction. This was not entirely unexpected, however, as Chinese banks are obviously tapping on the brakes to control inflation and let some air out of the housing bubble.