"The dollar is still the worlds reserve currency and no mater what the world wants to do they cannot simply dump their dollar holdings and move into other currencies. First of all if they were to do this it would provide a "screaming buy opportunity" to make a fortune but this is not going to happen so we wont waste time looking at it..."
"...In the short term it's possible that the precious metal sector might take a small hit due to the dollar rallying. If this happens we would view it as a buying opportunity and not one to run from. Long term we feel that the entire commodities sector will start to stand on its own feet and not on the so called dead feet of the dollar. Its demand that's going to drive these markets and not a weak dollar and demand is unlikely to fall anytime soon."
Tuesday, December 11, 2007
Dollar
Source: SafeHaven
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