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45 Comments
Haywood Analysts: Compelling Opportunities Left in Junior Golds
Haywood Analysts: Compelling Opportunities Left in Junior Golds
Gold to Replicate Oil's Parabolic Move; 30-yr Treasury Yields to Soar
Pimco's Bill Gross likes U.S. dollar over euro
Posted Jul 15th 2008 12:24PM by Zack Miller
Filed under: International markets, Forecasts, S and P 500, DJIA, Federal Reserve
Investors have watched the precipitous fall in the U.S. dollar over the past few years with trepidation. Investors in Israeli stocks trading in the U.S. have witnessed the once-lowly shekel dominate the dollar (and most other global currencies) over the past two years. It looks, at least from some uber-investors' perspectives, that the dollar may be set to reverse -- a boon for those companies with significant sales in the U.S.
Bloomberg has an article out this morning saying that bond guru, Bill Gross, the manager of the world's largest bond fund, the $129 billion Pimco Total Return Fund, has turned negative on the euro for the first time since its inception in 1999. According to the article, Gross's firm, Pimco, believes that according to purchasing power parity, a measure used to account for differences in exchange rates across countries, the euro is overvalued by 30%.
And Gross isn't the only one who is concerned that Europe may suffer a bigger slowdown than the U.S. in a world confronted with slowing growth and financial snafus. The same Bloomberg article says that according to a recent poll conducted by Bloomberg of global strategists, many think that the euro has seen its day and that the dollar is poised for a rally (hard to believe in the face of Fannie Mae and IndyMac).
Europe's Trichet-led Central Bank has signaled that it may be done raising rates. In fact, given the choice between fighting inflation and re-energizing a sputtering economy, some are betting that the ECB may need to actually lower rates. With a Fed-led plan to bailout the U.S. banking system and the bottoming out of the dollar, it looks like Gross and Co. are betting against the euro for years to come.
PowerShares DB Gold Offers a Sophisticated Strategy to Small Investors
Indian Inflation Continues to Accelerate
India: The Bear Case
SLT looks to be a remarkable value right now and I have been accumulating it with earnest.
Stock Market Overvaluation and the Passive Investor
UTVG.OB Makes Impressive Gains Online
Lesson From China: A Swift Decline in Commodities Could Happen
Are Central Banks Out of Their Minds?
One word: Inflation
They will blow it up if they keep going
The Impact of the Beijing Olympics on Commodities Prices
China 3C's Deal with Wal-Mart Could Turn Out Interesting
Roger Wiegand: The Biggest Gold, Silver Rally in History
International Gold Resource Company
This company has soild managament in place that have proven themselfes many times in many companies. Most of the managment are former Newmont guys. To find out more you can vist their website at www.intlgold.com/s/Hom...
They are currently redoing finacials and waiting on a Cupixi Mining License Application for a find or magnese. Trading range in the last year has been .21 to $1.48. Currently sits at .37.
China Olympics: 5 Investment Ideas
Canaccord on Online Travel Stocks: Buy CTRP, Hold PCLN, EXPE; Sell OWW
Much better value.