The Phaserl


If the dollar is no longer king then gold is going to replace it

by Peter Cooper, Gold Seek:

How do you read the recent strength of the US dollar and its fall back again after the news that GDP shrunk by 0.7 per cent in the first quarter? A classic double-top perhaps?

Did the dollar top out in March with its spectacular spike to $1.04 to the euro followed by a five per cent crash? That was the conclusion of HSBC’s currency experts, with the proviso that something like the bankruptcy of Greece could still push the euro underwater again. So where do currency speculators turn for the next momentum trade?

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