Tuesday, July 17, 2007

I'm Scared

Dollar Falls to 26-Year Low Against Sterling

TOKYO, July 18 (Reuters) - The dollar slid to a 26-year low against sterling on Wednesday due to worries about the U.S. subprime mortgage sector and after British inflation data boosted expectations for higher interest rates there.
Sterling rose as high as $2.0492 , getting a boost after data on Tuesday showed that the annual core consumer price index in Britain rose to a decade-high 2.0 percent in June.


Dollar hitting new lows against the Sterling is just one more notch in the dollar decline. Are we due for a short term rally soon? I don't know, but long term dollar fundamentals stink and I expect the dollar will trade much lower than it is now.

Sunday, July 8, 2007

New Lows for the $USD?

The U.S. Dollar is testing new lows right now. If it is not able to hold above this critical support level, expect the precious metals to head much higher from here.

Tuesday, July 3, 2007

Do People Still Value Freedom?

Check out this recent video by Ron Paul. I still value freedom and it appears that many others do too.

If you do, then you will support Ron Paul who supports your freedom.