One Of The Most Spectacular Turns In History Is Taking Place
KingWorldNews.com
November 17, 2014
As the world continues to move into uncharted territory, today a 40-year market veteran sent King World News a powerful piece warning that one of the most spectacular turns in history is now upon us. He also discussed gold, silver, and what investors should be doing in this dangerous environment. Below is what Robert Fitzwilson, founder of The Portola Group, had to say in this exclusive piece for King World News.
By Robert Fitzwilson of The Portola Group
November 17 (King World News) – One Of The Most Spectacular Turns In History Is Taking Place
While much has been made about the recent strength in the dollar, the Dollar/Euro relationship has been in an extremely tight range for ten years. Given the design of the Dollar Index, it should not be surprising. The Index is billed as a comparison against a basket of currencies, but that basket is certainly lumpy and heavily biased. The Euro represents about 58% of the Index, and the Yen about 14%.
Given the surprise announcement by the Japanese to embark upon a massive program of money printing and quantitative easing, and the subsequent plunge in the Yen, it is not surprising that the Index would have acted as it has in the weeks following that announcement….
The Rest…HERE
