The euro sprung back to $1.43 this morning. The pound regained $2.05. The yen held still at 114. And the Canadian loonie gripped $1.03 tight like a 4-year-old caught nicking a Fruit Roll-Up before breakfast.
the idea behind the weaker dollar is that you wanna invest your money into company that have other currency exposure, Like AAPL, POT, MSFT...
If the Fed cuts rate, we will see hair trimmed of dollar again. Gold will break up into $800. Remember when we started to mention gold play, it was 710. Now close at 766. Buy Gold stock (AZK,GG) or gold ETF (GLD).
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