“The U.S. dollar will considerably lose its position regarding the Asian currency soon, the western analysts believe,” says this report — U.S. dollar to yield position to Asian currencies. “However, official intervention by regional central banks has traditionally kept Asian currencies a bit weaker than economic fundamentals would suggest” and “is likely to continue, particularly for the more heavily export-dependent economies as the global recovery disappoints.”
While you’re mulling over Michael S. Rozeff’s advice — A Very Few Elements of Gold Strategy — you might want to listen to this eerily prophetic and very catchy tune from 1977 — Peter Tosh – The Day the Dollar Die.
31/07/2009 at 8:28 am Permalink
OK, so that old rule was buy low, sell high… unless you think the price is going to go lower, then you keep selling until the price hits the bottom, but you never know where that price was… Or you could sell them short, hoping to gain a profit from an expected downturn…
Now ya know why I hated business classes