Friday, April 29, 2016

This Index Is Screaming A U.S.$ Decline
The Daily Bell article breaks down an index which highlights the 6 subcomponents of that index, individually generally indicating that the U.S.$ could very likely now be in a downtrend .. 'Going back in the data for five years, against five of the six currencies – the yen as the exception – the dollar peaked anywhere from November 2015 through February 2016. The dollar peaked against the yen a bit earlier, in June 2015 .. In the past six months, the USD has declined against all six of these currencies. From a low in the range of a 5-7% pullback against the pound, Canadian dollar, Euro, and Swiss franc since the respective highs to a 10% and 12% decline against the yen and krona, respectively, the USD has a trend: down .. The relative strength that the U.S. dollar has seen in recent years is fading .. And the further acceleration is likely in coming years, only adding fuel to the inevitable inflationary fire. Which means less and less purchasing power for those holding dollars .. Unfortunately, all fiat currencies are in a race to the bottom. But it’s not all gloom and doom. Fortunately, there are alternatives – currencies in other jurisdictions that will better hold your purchasing power .. Certainly, as will be evident in the coming years, U.S. dollars are no longer a place to store your entire life’s savings. Diversification into other currencies is paramount."
LINK HERE to the article

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