Friday, October 15, 2010

Dollar Collapse


Probably the best way for most investors to purchase the dollar as a currency is via Powershares DB US Dollar Index.  {UUP}  The above chart of UUP shows the absolute collapse of the dollar since June.  Very over sold but it's locked in a nasty bear market spurred on by poor fundamentals {US Treasury is going to inflate its way out of our debt it seems by printing gobs of money}.  Nothing to see here right now people.  Move along!

*No Positions.