Quote:
Originally posted by directfiesta
There wass an article published yesterday were a top group of US businemen said that the US dollar is still " highly overvalued " and that they expect it to go much lower ...
I think it was UPI news agencies ...
I tought of posting it here as info, but then I realize americans would consider that as " bashing" or " you hate america ".
One thing I hate is a low US dollar ...
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There are a ton of monetary analysts saying the same tune. Even more so in past few days as the PPI index indicates that inflation is creeping back into the economy yet the Fed is constrained from acting strongly because of record high debt levels...
My hunch is to bet on gold continuing to rally over the next few months. Gold has been acting in inverse relationship to the US dollar lately and there are other reasons why it could climb besides. I bought T.XGD - iUnits S&P/TSX Capped Gold Index Fund.