4/08/2005

Markets and economy: The dollar is poised for a breakout over the key 55.44 mark. Why? Well if you ever check with Jake Bernstein, the developer or recognizer of cycles in markets, you know that for reasons unknown, currencies trade in long term cycles of three years or more. The down cycle has been over since November. French banks have sold 47 tons of gold for DOLLARS and intend to sell 400 tons more over the next four years. Why? To help the trend and weaken the Euro which most feel is too high and is the economy killer. Then there are rising rates, a sure dollar boost as well. This PM three major brokerage firms also gave a buy signal on the dollar. You should have been in the buck for a while now, but it's not too late.