The following missive today from well respected blogger and renowned professional ex-trader Bill Cara...
The OECD economic forecasts today are significant. The key point, however, is not that the non-US economies are in such dire straits that the US Dollar will now continue to fly higher and faster, but that all of the major economies are in rapid slow-down mode.
So; one currency will drop against another and then that one against another one, and so forth, in a march. At the end of the parade route, all currencies will be weaker against stores of value, like gold and to a lesser extent the other precious metals and even oil.
At some point soon, traders will recognize that. Don’t miss the opportunity of a generation to buy gold, and to sell bonds, in the next few months.
