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October 28, 2009

"The Trend In The US Dollar Hasn`t Changed"

The dollar has moved up about 1 point from the lows and I guess if you are a daytrader that means something but for everybody else its insignificant. The trend hasn`t changed, nothing has changed, the fundamentals haven`t changed, if anything they continue to get worse day by day. So I would continue to be out of the US dollar, I will continue to be on the anti-dollar trades, gold, commodities, foreign stocks. Nothing moves in a straight line, the dollar is always going to have some rallies but you know, don`t be fooled by them.

in CNBC, October 27th

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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