Does a declining U.S. Dollar portend higher precious metals prices?
*The Aden Forecast, by Mary Anne & Pamela Aden, May 13, 2016
”Well, it finally happened . . .
The U.S. dollar has confirmed its new bearish trend, further signaling that it’s headed lower . . . the U.S. dollar index is now well below its moving average at 96.50. And it’ll stay bearish by staying below this level.
Taking a look at the dollar’s bigger picture, you’ll see its leading indicator turning bearish too . . . This means the major trend is down for the dollar and it’ll probably last a year or more.
In other words, the international currency markets are clearly embarking on new bull markets and they’re going to rise further. (The currencies rise when the dollar declines.)”
”When the U.S. dollar drops, most U.S. dollar based investors don’t give it much thought, but they should. A declining dollar will ultimately result in a loss of purchasing power.
And by offsetting the dollar decline with currency purchases, you’ll not only maintain your purchasing power but you’ll profit as well. Gold is the ultimate currency.”
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.