The dollar is going down. That much is obvious. Analysts and traders are all calling gold to go higher. The Pound and Euro are both trending up.What that means for the economy is the question. The dollar index is being pushed down as American currency becomes less and less valuable. A recovery in the economy is eminent, maybe even starting according to some professionals. Others are not so positive.
It's hard to tell as all the data and talk coming out of Washington is spun positively. The Federal reserve is printing money like mad while the Government seems to be taking a big hand in telling Business how to operate. Neither is good.
Investors flock to Gold when they start getting nervous. And while I'm overall positive, there is plenty to be nervous about.
Watch this short and interesting video from Market Club on the dollar index and it's perceived direction.
