Rosenberg Say Buy Gold, Buy Oil, Buy Commodities

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Published : April 17th, 2018
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Category : Crisis Watch

Economist David Rosenberg expects the US dollar to fall. His Recommendation is to buy commodities

That image of the dollar index is relative to June 2001. This is the chart I use.

Technically Speaking

Technically speaking there is no support until 80 or so. That appears tobe what Rosenberg is talking about.

Fundamentally Speaking

I believe rate hikes are priced in that will not happen. Moreover, the US deficit is out of control and worsening.

Then again the ECB has rat hike and tapering priced in that are also unlikely.

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Unlike Rosenberg, I suggest: Forget oil, buy gold.

Why?

Oil is an industrial commodity and the global economy is weakening. We may be in late stage inflation similar to the surge that tool oil to $140 in 2008.

Globally, if central banks fail to meet hiking expectations, gold rates to be a beneficiary regardless of what the economy does.

Source : www.themaven.net
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Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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