Friday, August 19, 2011

Dollar Bill

Don't be tricked into thinking the markets are up today, the dollar is just down.  Thus people, particularly foreigners, are getting out of the dollar and into assets.   Compare DXY, GLD, and the Dow.  You will see that GLD is higher than the dow and DXY has taken a huge plunge, meaning there's no growth here, just inflation.  Rumors on the street is that information about QE3 has been leaked and it is probable.  When it is actually announced later this month i'm going to make sure i'm out of all short positions and i'll try to have as little as possible in cash.   

1 comment:

  1. And.... the correction, just like clockwork. Dollar climbs halfway back to normal levels and we see that all that morning "growth" was just a mirage.

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