Wednesday, December 28, 2011

The Return of the King

CASH is King, remember that.
A lot of people see the US dollar dead, I think that it is going to go much much higher and by going higher it will crush everything quoted in USD (gold, silver, grains ...).

As long as the EUR isn't stabilizing, the trend in the USD will continue.  We see today severe movements in the metals, mainly due to the EUR being offered in the market (we need to remember that the volume is very thin today, but still I wanted to show to the readers that when you bet on commodities, you also bet on the Rise or Fall of the USD).

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