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No offense but KWN and his cast are all Gold roaches and I'd avoid even the slightest notion of listening let alone believing anything you hear from those guys. Once in a while they get Art, Rick or Naomi which can sometimes be logical, constructive and worthy but all the others can go F&#@k Off!
Terrific article explaining the US Dollar features and benefits as a reserve currency. It truly helped me further understand it's relationship in our global economy and financial markets.
My question is about Gold. Since gold should be part of investor's core portfolio the idea of shorting Yen, Euro and other weaker currencies seems like an obvious consideration as the commodity continues to leak lower and threaten it's recent $1180 major line of support. If Charles' view of an extended USD rally of up to 100% in the near future, is it worth even using the hedge strategy or perhaps just sell the gold (and other PM's) with the intention of buying it back much later down the road since US rates will remain low forever and global economies will remain sluggish for a likely indefinite period?
Is see risks of selling of course, such as a geopolitical event that cannot be contained, a surprise in US budget balance, employment, manufacturing, housing, a delay in ending QE (at next month's FOMC meeting), a sharp rise in US interest rates backed by a overheating US Dollar rally crushing US exporting multinationals. I could go on but did I answer my own question?
Gold continues to be the most hated asset, yet we continue to hear the West to East exchange of physical and paper selling. In other words, there may be a reasonable chance Gold can go higher with a rising US Dollar. I believe it's happened before.
Great Job Charles and Chris,
Ahhh, I knew you would have something to say! I'm certain your views of the situation are well in line with many Peak followers and others. I presume many of us (your subscribers) also share the frustration as to why and how this massively dangerous, tragic and despicable situation continues and can be so easily absorbed by the gadget giddy, tunnel visioned, over worked (3 part time jobs) American lemmings (I'm an American and don't think I'm a lemming but not a <1% so,,,,), just an average guy.
Chris, as you say, the propaganda war appears to be well entrenched and is working well enough for business to go on as usual until it doesn't. It is obvious that we as a nation as well as most Western civilizations cannot learn from past mistakes to leave us once again vulnerable to disaster. Naturally, when that disaster occurs by whatever method it is triggered and then cast upon us, we will briskly wake up and reflect on the evidence, warnings and events leading to it, as signals that could have avoided it and play the blame game, rebuild, make new laws and start all over again, this same cycle. Well, that would be too late as this time could very well be the worst we've ever experienced leaving us in serious despair.
Chris, I (we) commend you for pushing as hard as you do to encourage us to prepare, don't stop!!!!
Plan? What Plan? I sense someone got caught either procrastinating the document push or simply evidence of who's really the boss (JP Morgan) in this circle jerked mirage we call financial markets and inherent stability.