Stocks & Commodities V. 26:1 (51) Explore Your Options by Tom Gentile

Stocks & Commodities V. 26:1 (51) Explore Your Options by Tom Gentile
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Explore Your Options by Tom Gentile

DOLLAR BOUNCE

The US dollar has performed miserably against the euro in recent years. I think itís overdone, but I have heard that some analysts say the euro could move all the way up to 1.50. If so, I think the dollar will bounce from there. What strategies can I use? I have heard of shorting gold. Does that make sense?

The dollar has really suffered serious losses against the euro in recent years. From November 2006 to November 2007, the euro rose from less than 1.20 to its current levels near 1.47. Seven years ago, one euro could only buy 0.82 dollars! Times have changed. The long-term trend currently favors the euro and it is possible that the European currency continues its move to record highs. (continuded) ...




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