The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (27663)	3/25/2010 12:03:04 PM
From: ayn rand	Read Replies (1) of 71477

"The U.S. dollar index has only been rising because it is heavily weighted against the Euro. With the debt crisis in Greece, many investors have been shorting the Euro, which has caused the U.S. dollar index to rise. However, the price of gold has held strong around $1,100 per ounce, which shows the U.S. dollar in reality hasn't been appreciating in value at all. In December when everybody was bearish on the U.S. dollar, we predicted a short-term rally in the U.S. dollar index in early 2010 and we were right. Today, everybody is bullish on the U.S. dollar and bearish on the Euro. Soon traders will be forced to reverse their trades and the U.S. dollar will plummet. With interest rates at 0%, it will be impossible for gold prices to crash. There is simply way too much excess liquidity in the system. The average American is still more likely to be selling their gold than buying it. There are still more Americans looking to invest into Real Estate foreclosures, than precious metals. We have a dollar bubble, not a gold bubble." -The National Inflation Association

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