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Australian Dollar Preparing to Break Out

Mr. Patel's articles are often on the money (sorry about pun). After a recent trip to Australia, I came away with a feeling that the world recession has so far has not have a strong of impact on the Austrailian economy as it has in most other countries. As he says, Australia with its abundant natural resources having great exportable valuable is situated to profit from the inevitable rebound in the world economy. Moreover, given the country's relative healthy balance sheet,the Australian dollar is set to rise and likely remain high in comparison to the dollar as it deflates. Yes, this may cause most fiat currencies to in time deflate as well, but in the case of Australia, it will be backed not by gold or services, but by hard assets other than precious metals. Having said this, often when I have been long in a specific currency I have not done particularly well. Thus, I think it might be better to invest in the the equity and investment grade bonds of the the country's strong, commodity based companies to reap the values of both the likely devaluation in the U.S. dollar and foreseeable increase in the Aussie dollar.