James Turk BlogJames Turk BlogJames Turk BlogJames Turk Blog
  • Blog
  • About
    • About FGMR
    • James Turk
    • GoldMoney
  • Books
    • Money and Liberty
    • The Money Bubble
    • The Collapse of the Dollar
Next Previous

Currencies

James Turk 4 May, 2009

May 4, 2009. Since March 23, 2001, we have been holding goldgrams as our Core Currency Position.

The dollar remains within the same trading range that has confined it since last year, but importantly, its bear market rally is rapidly losing momentum. I have been expecting that the dollar will eventually break out of its present trading range to the downside and head lower, and that moment may be right around the corner.

I recommend selling short the US Dollar Index at the market (today’s close for record keeping). Stop out this trade if the Index closes above 86.80.

If there are any major developments with regard to the dollar before the next letter, I will either prepare an interim letter or a commentary posted on the GoldMoney site.

ABOUT

FGMR My objective is to share with you my views on gold, which in recent decades has become one of the world’s most misunderstood asset classes. This low level of knowledge about gold creates a wonderful opportunity and competitive edge to everyone who truly understands gold and money.

RECENT POSTS

  • The Forgotten Fourth Function of Money & G-SIBs

    Money is routinely defined by what it does, rather than what it

    13 December, 2022
  • A Century of Fascism

    In 1922 Benito Mussolini became prime minister of Italy, putting that country

    31 August, 2022

TAGS

bitcoin bonds central banks currencies debt dollar doug casey ecb economy euro fed gold greece hyperinflation inflation markets mining stocks MMGA money oil Politics QE recommended silver stock market trading Trump usd us dollar Washington
Copyright © 2001-2022 Free Gold Money Report | All Rights Reserved
  • FGMR
  • GoldMoney
  • James Turk
  • Money and Liberty
  • The Collapse of the Dollar
James Turk Blog