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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: zamboz who wrote (25989)12/31/2009 11:01:18 AM
From: No Mo Mo2 Recommendations  Read Replies (1) | Respond to of 71454
 
Sure seem to be a lot of people calling for the US$ to continue higher. Betting on more down in the buck is the contrarian trade at this point.

One consoling factor: If the dollar is going down b/c the other major fiat currencies are just as, if not more, sick - then holding gold through the intermediate-term gyrations, still provides some comfort.

I'm thinking I might re-up my PM hedges until the dollar index shows some clearer direction up or down.