Through the Fed’s announcement to create inflation through currency debasement, the US Dollar managed to hold key support levels. While this feat is nothing short of miraculous, we believe the dollar’s days of holding key technical levels are soon to be over.
Endeavour Silver (AMEX: EXK) & Allied Nevada Gold (AMEX: ANV) are two mining stocks popping up on our radar. With gold and silver declining in recent trading, each of these stocks are approaching key support levels. Tim Geithner’s comments defending the US Dollar has weakened gold prices – giving precious metals a short term sale on gold and silver.
Peter Schiff, of Euro Pacific Capital uses illustrations, humor and storytelling to explain economic and monetary concepts in his book, How and Economy Grows and Why it Crashes. The book uses parody and analogy to compare our current global economy with a small island economy based on fishing.
After a strong first quarter earnings report in 2009 McDonald’s future looks promising. A weakening US Dollar coupled with overseas growth will make the company a winner going forward. A consistent dividend of 3.30% also rewards shareholders in it for the long haul.