Axel Merk, Merk Investments
November 12th, 2013
Q3 of 2013 marked a peak and reversal of direction for the dollar. The notable strength in the dollar during Q2 turned into an equally prominent weakness in Q3 compared to a basket of foreign currencies. All of the G10 currencies strengthened against the dollar during Q3, while the price of gold rose more than 7%. See attached chart for the performance of the U.S. Dollar Index for the year through 10/31/2013.
Euro, the Undiscovered Rock StarIn our outlook at the beginning of this year we predicted the euro might become the Rock Star of 2013. When the currency pulled back...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
