Thursday 14 May 2009
End of US dollar dominance goes mainstream news
Seems like maybe the ole dollar has another new lease of life due on it, if mainstream media is reporting its demise. At least as a short term trade anyway. (There is no disputing, surely, that the days of dollar hegemony are drawing to a close.)
Maybe I should back off the precious metals for a while. Maybe there is going to be a pull back this summer after all. Hmmm.
Still, I am a Sterling-based person, and the fundamentals of the pound are more disasterous than even the dollar.