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Thursday, April 28, 2011

Federal Reserve Bank Speaks, Dollar tanks

Well, its time for the USD to head into a crisis, and I expect us to now head to break all time lows. The only question is how far down this goes.

If your 100% in cash, you have decided that the crisis will evaporate quickly, and USD will return to highs last year.

If your 100% in gold, you are expecting an all out USD collapse.

I am in the gold camp for the short term, but once break all time lows, it may get interesting. We could have an accelerated USD decline before USD finds strength. But it is possible, although not probable, that the USD headed for all out collapse.

A great blog post that explains why the USD will firm up is available by clicking here.

Click to watch Ben Bernankes speech, its a waste of time to watch. He talks in ridiculous circles and lies. The truth is the market reaction of USD, charts below. And we may finally get 30 year bond rates breaking up, not down, breaking the 25 year downtrend in rates.

I am trying to maintain optimistic USD will bottom and rise, but positioned to protect what savings I have in natural resources if I am wrong.
Hang on, next few weeks will be interesting.

From WebSufinMurfs FinancialBlog2

From WebSufinMurfs FinancialBlog2

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