Bullish on US dollar and Yen – it is time to go for contrary opinion
Sam Adelton
Sep. 30, 2007

The world is convinced that two economies is ready to go into recession. The financial markets have taken these two currencies into levels never seen before. The gold has gone through the roof without corresponding confirmation from Silver. The gold play therefore is a simple inverse dollar index play.

The Yen has gone down over decades. The currency has been abused as a carry trade vehicle. But now that the financial meltdown has started, Yen is ready to bounce back like never before.

According to media reports, Japan's key barometer of business confidence unexpectedly held near a two-year high and companies increased spending plans even as U.S. economic growth cools.

The Bank of Japan's quarterly Tankan index of sentiment at large manufacturers stayed at 23 points in September from June, the central bank said today in Tokyo. The median estimate of 32 economists was for a decline to 21 points. A positive number means optimists outnumber pessimists.

The US dollar is depressed. Every one has lost any hopes left. But in reality US economy and the consumers really drive the rest of the world economies. Given that scenario, how can US Dollar really go down? As US economy tanks, the Europe and Asia will actually get really depressed. Who can afford to travel to Europe with 1 Euro equivalent to $1.43?

The fact is that the US dollar is now bullish like never before. Something strange will happen. Dollar, Yen and US Government bonds all will rally. Gold and stocks will tank.

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The fact is that the US dollar is now bullish like never before. Something strange will happen. Dollar, Yen and US Government bonds all will rally. Gold and stocks will tank.
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