Commodity Trade Mantra

Posts Tagged ‘Foreign Currencies’

Strength of Gold Against Foreign Currencies Confirms Bull Market Status

If Gold is going up only because of a falling US$, that is a US$ bear market, not a Gold bull market. A Gold bull market is Gold rising against the majority of currencies. Gold’s strength in foreign currencies confirms its global bull market status and provides a hint that more gains for Gold in US$ terms are likely ahead. We view any weakness in the weeks ahead as a buying opportunity.

Currency Manipulation by the United States Is Alive and Well

Although further currency manipulation is far from ideal, the US is in no place to criticize Japan for it. Historically, the US has been the world’s leading cheerleader for currency manipulation. If the United States government wants to continue dishing out anti-currency manipulation rhetoric, it best explain why it’s had its own hands in the foreign exchange market.

The Biggest Fear in Retirement and the Golden Solution

For those nearing retirement I would recommend you be positioned at 10% in precious metals by the time you stop working full time. Think of your core holdings as insurance and as you know, gold and silver are ideal for this type of insurance.

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