Breaking news: New dollar collapse this weekend? Dear Daisy, While most of America is preparing for the long holiday weekend, most of the world is dumping U.S. dollars — in torrents. Today, the U.S. dollar is sinking fast against the Japanese yen, the Singapore dollar, the Korean won, the Indian rupee and virtually every minor and major currency on Earth. It has just breached the $1.50 level against the euro. It has just plunged to parity with the Swiss franc and could soon do the same with the Canadian dollar. Gold, meanwhile, has now eclipsed $1,180 per ounce for the first time in history ... and is making a beeline for the $1,200 level. What's most alarming is that the trading pattern we're observing in the dollar today is uncannily similar to the pattern we saw exactly three years ago: As you can see from the above chart, during the Thanksgiving weekend of 2006, the dollar collapsed on the day before the holiday ... fell a bit further in global holiday trading ... and then collapsed again on the Friday after the holiday. More importantly, that also marked a new stage in a far longer term dollar bear market. If this pattern repeats itself, its implications are far-reaching: First, it means that the accelerated dollar collapse we warned you about in our "11 Startling Forecasts for 2010" video may not wait until 2010. It could be starting right now — on THIS supposedly "quiet" weekend! Second, it implies that the specific investment recommendations we give you in the video can't wait either; many could be immediately actionable. Most important, it means that all heck could break loose after the Thanksgiving break when traders return to their desks and see the dollar carnage that has taken place in their absence. If you have not yet had a chance to watch the 1-hour video in full, or would like to share it with friends and family, here's the link. It goes offline next week. So this could be your last quiet time to review it. Important: The specific investment recommendations are near the end. So I recommend you watch it from start to finish. Good luck and God bless! Martin
About Money and Markets For more information and archived issues, visit http://www.moneyandmarkets.com Money and Markets (MaM) is published by Weiss Research, Inc. and written by Martin D. Weiss along with Nilus Mattive, Claus Vogt, Ron Rowland, Michael Larson and Bryan Rich. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in MaM, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in MaM are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical in as much as we do not track the actual prices investors pay or receive. Regular contributors and staff include Kristen Adams, Andrea Baumwald, John Burke, Amy Carlino, Selene Ceballo, Amber Dakar, Dinesh Kalera, Red Morgan, Maryellen Murphy, Jennifer Newman-Amos, Adam Shafer, Julie Trudeau, Jill Umiker, Leslie Underwood and Michelle Zausnig. Attention editors and publishers! Money and Markets issues can be republished. Republished issues MUST include attribution of the author(s) and the following short paragraph: This investment news is brought to you by Money and Markets. Money and Markets is a free daily investment newsletter from Martin D. Weiss and Weiss Research analysts offering the latest investing news and financial insights for the stock market, including tips and advice on investing in gold, energy and oil. Dr. Weiss is a leader in the fields of investing, interest rates, financial safety and economic forecasting. To view archives or subscribe, visit http://www.moneyandmarkets.com. From time to time, Money and Markets may have information from select third-party advertisers known as "external sponsorships." We cannot guarantee the accuracy of these ads. In addition, these ads do not necessarily express the viewpoints of Money and Markets or its editors. For more information, see our terms and conditions. View our Privacy Policy. Would you like to unsubscribe from our mailing list? To make sure you don't miss our urgent updates, add Weiss Research to your address book. Just follow these simple steps. | © 2009 by Weiss Research, Inc. All rights reserved. | 15430 Endeavour Drive, Jupiter, FL 33478 | | 
No comments:
Post a Comment