Does a declining U.S. Dollar portend higher precious metals prices?
''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.''