The U.S. Dollar Can’t Find A Bottom

Dr. Duru — Fri, 29 Apr 2011 09:51:27 +0000

CNBC reported that “Adjusted For Inflation, Dollar Hits Fiat-Era Low.” Economists at Deutsche Bank calculated the value of the dollar on a trade-weighted basis and then made adjustments for inflation. Their conclusion is that the dollar is at its lowest point since the U.S. went off the gold standard under President Richard Nixon.

The full article is worth a read but here is a key quote:

“The recent parabolic spike in silver and to a lesser degree gold, shows that the market considers a ‘disorderly decline’ of the U.S. dollar an increasing possibility…”

Gold has trended straight up since its recession lows

Source: stockcharts.com

Click here to see how the U.S. stock market remains in an 11-year sell-off when priced in gold.

Gold also looks to continue higher. According to a recent article in Bloomberg:

“Central banks that were net sellers of gold a decade ago are buying the precious metal to reduce their reliance on the dollar as a reserve currency, signaling demand that may extend a record rally in prices.”

Silver's rise has accelerated over the past year

Source: stockcharts.com

Disclosure: author owns GLD, PAAS

The post The U.S. Dollar Can’t Find A Bottom appeared first on Inflation Watch.

Precious metals shine

writejesse — Tue, 12 Jan 2010 13:32:21 +0000

Gold is at a 5-week high; silver and platinum are approaching 52-week highs. Charts for exchange-traded funds GLD, SLV, and PTM are below. (Click to enlarge.)

Gold: Off its highs, but recovering.

The white metal has rallied in recent days.

And don't forget about the other white metal.

The post Precious metals shine appeared first on Inflation Watch.

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The U.S. Dollar Can’t Find A Bottom

Precious metals shine