Quote:
Originally Posted by Vendot
Well that was a quick move, we're barely a month into 2016 and Gold is up 13% touching $1200 yesterday. It looks like the USD is backing off somewhat as further rate hikes may not happen:
http://www.cnbc.com/2016/02/08/techn...is-coming.html
Also, after Japan, Sweden and Swiss adopted negative interest rates, there's now some serious talk about implementing Negative Interest Rates in the US if there's a recession:
Will the Fed Go Negative on Rates?
I doubt, as the anchor says, you could go -10% interest rates and people won't yank their cash out of the bank. |
WE WANT the dollar to fall. It's had an adverse effect on multinational companies and exports. Expect more strength in the DOW stocks as it falls. Look for good dividend paying companies. Sectors are shifting into industrial, basic material, energy, transports.