Get Ready Forex Trader - US Dollar Rally Ending?
Are you ready for the latest from Jim Rogers Mr/Ms Forex trader? Jim Rogers believes the US dollar’s rally is finishing and will cause a currency crisis. Isn’t this just a wonderful way to start your day especially if you are holding US Dollars. However if you are a forex trader this could be music to your ears. As far as the forex market Jim Rogers prefers to be holding japanese yen,british pounds and even Euro Dollars.
In Jim Roger’s own words,ג€Weג€™re going to have a currency crisis, probably this fall or the fall of 2010,ג€ Rogers said. ג€Itג€™s been building up for a long time. Weג€™ve had a huge rally in the dollar, an artificial rally in the dollar, so itג€™s time for a currency crisis.ג€ The question is how do you play this…or not. Jim Rogers has made wonderful calls as well as so far his US Bond calls could have been lethal to any trend follower or commodity trading advisor. Jim Rogers is not alone for his call for the demise of the dollar. Nassim Taleb author of the Black Swan has also recently called out to avoid the US dollar. He believes in Gold as well as copper.
Without being a guru, it seems obvious with all the debt and money printed there is only the solution to devalue the US dollar. This will make the holdings of the Chinese worth a great deal less and more so cheaper to service the debt. Bottom line is don’t panic, but consider simply following the trend. If the US dollar gets weak, look to buy the strongest currency on a relative basis. What ever it is…the Japanese Yen…Aussi dollar or even if it is Gold.. Be available for the oppurtunities and stay out of trouble.
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