May 26, 2011, 12:01 a.m. EDT
5 money moves one dollar bear is making now
Eurozone, Canada, Sweden map currency expert Axel Merk’s world view
By Jonathan Burton, MarketWatch
SAN FRANCISCO (MarketWatch) — Brother, can you spare a dollar?
The U.S. dollar doesn’t buy what it used to, and the way Axel Merk sees it, a dollar will buy even less in the future. So the manager of the Merk Funds is steering his currency-focused mutual funds away from the U.S. in favor of countries he believes are in strong financial shape or, as in Europe, are addressing debt problems with tough austerity measures.
The rest of the article is available here:
http://www.marketwatch.com/story/5-money-moves-one-dollar-bear-is-making-now-2011-05-26?dist=beforebell
You'll have to read it if you want the explanations. But, the five moves the author is making are:
1. Diversify U.S. dollar holdings
2. Stick with the euro You've got to be kidding!
3. Support Sweden
4. Go long the loonie
5. Access Asia He likes Singapore and Malaysia
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
| 