If you're an investor, it's an
opportunity to invest more in emerging
economies, in foreign currencies, in
precious metals. Obviously the gold market is being suppressed
a bit by the strength of the US Dollar but
as the US Dollar surrenders those
ill-gotten gains that is going to be
particularly good for the gold
market.
We are
going to have rising inflation and a
falling dollar that for political
reasons the Fed will be unable to or
unwilling to raise interest rates
sufficiently to put out the inflationary
fire and prop up the US dollar.
The big story continues to be the bear
market rally that has been going on in
the US dollar the US Dollar Index today
closed above 93 the low this year was
just above 88 so we've risen about 5% so
far in the US Dollar Index from the lows.