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Strategies & Market Trends : The coming US dollar crisis
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To: GROUND ZERO™ who wrote (38508)5/20/2011 8:11:31 PM
From: Real Man2 Recommendations  Read Replies (1) of 71403
 
This analysis is right, the Euro could get weaker near term due to problems
with PIIGS, Greece in particular is in the process of restructuring
of it's debt. However, the situation with US States is similar
to that with countries in EU, so Ben prints to devalue the currency.

To answer your question about Gold and Silver, I believe potential
dollar rally, prompted by end of QE program and sovereign debt
issues in Southern Europe could, in fact, lead to a continued
correction in the precious metals for the Summer. However,
competitive currency devaluation is highly bullish long term.

Correction does not necessarily mean down from here, it
is a bull market correction. Silver got way ahead of itself.
In other words, if one "trades around" volatile precious metals
bull, one can easily be left at the station as the train departs
to the next higher stop. I believe precious metals are in
the final manic move similar to NASDAQ 100 in 1995-1999.
It could last a few years. BWDIK.
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