The U.S. dollar is still on the defensive, it has not imploded yet, but it is not making new highs anymore. And I think that the speculators that have been buying up dollars (and again, this is the most crowded trade, long the dollar, short just any other currency), the speculators who are on this trade are having a hard time acknowledging that it is not working out. It is very tough to break this trend. You get all this news that keep coming out that should be lifting lightbulbs on people`s heads.
The whole rationale for the strong dollar is based on a strong U.S. Economy and the Federal Reserve raising rates. Well, if the U.S. Economy is not strong and if we are getting back into recession, if the Federal Reserve is going to be doing QE4 then the U.S. Dollar`s rally is all false.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Apr 2, 2015
Oil & Gold: Searching For A Bottom
Oil really looks like it is searching for a bottom just like Gold is searching for a bottom. We had a very, very strong day in Gold. The price of Gold is now back above that psychological important 1,200 level.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Currency Markets Are Prepared For The Opposite Of What Is Going To Happen
I think what you are going to have is Central Banks increasing interest rates around the world at the time the Federal Reserve is doing QE4.
So, I think the currency markets are prepared for the opposite of what actually is going to happen. They think everybody in the world is going to be easing and the Federal Reserve is going to be the only central bank tightening. We will be doing QE4 and other central banks are going to be trying to put out the inflationary fire that they lit on purpose.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
So, I think the currency markets are prepared for the opposite of what actually is going to happen. They think everybody in the world is going to be easing and the Federal Reserve is going to be the only central bank tightening. We will be doing QE4 and other central banks are going to be trying to put out the inflationary fire that they lit on purpose.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Subscribe to:
Posts (Atom)