By Chuck Gibson
I wrote this post 10 days ago and while it is a bit stale, it is just as important now as it was then. For the past 2-3 years I have read so many stories about how “the dollar is dead” and how “the world’s reserve currency is history”. While that may be true at some point in time in our future, right now, as with all things in which sentiment has risen to an extreme, it is moving in exactly the opposite direction that everyone predicts.
While we were closely watching the Euro and Yen fall on hard times, the lowly and unloved dollar slyly staged a breakout of a multi-year downtrend.
