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Sunday, April 10, 2011

Platinum & Palladium Are Ready To Shoot Upwards As USD Plunges

Inarguably Gold and Silver have had a brilliant run in 2011, both metals are at new all time highs. And while Palladium doubled in 2010, Platinum lagged. Now cross-over $ 1800/oz signals that Platinum is the next precious metal to rally hard over the next 3 years.

Silver soared to more than $40 an ounce, a level only seen once before when the infamous Hunt Brothers cornered the market ...
Crude rocketed above $111 a barrel in the U.S., the highest it's been since 2008. And overseas, it hit over $126 a barrel! ...
Gold hit a new all-time record high EVERY SINGLE DAY, with the yellow metal now closing in on $1,500 an ounce ...
While cotton, tin, copper, cattle, corn and nearly every other commodity on the planet skyrocketed, too!

Why Is This Happening? Because Foreign Investors Are Fleeing the U.S. in Droves!

There's no nice way to say it: The U.S. dollar is getting absolutely crushed right now. Just take a look at the following chart and you'll see just how far the greenback has fallen against a basket of the world's currencies ...

DXY 4.8.11.bmp

And what's most amazing is that the dollar has been sliding DESPITE problems in the Middle East ... DESPITE the natural disaster in Japan ... and DESPITE new debt crises striking Europe. Heck, the U.S. used to be seen as a safe haven from world crises. And U.S. Treasuries used to be the first place investors turned when things got rough.

But now, it's precisely the opposite — the U.S. is seen as one of the RISKIEST places to park money!

Remember, foreign investors feel no patriotic duty to invest here. They just examine the cold, hard facts and move their money accordingly. And what they see are massive debts and deficits ... and a bunch of yahoos in Washington that can't even agree on how to cut a tiny fraction of that burden! 

Look: The Federal Reserve can continue pretending that none of this is happening ... that out-of-control commodities inflation is "transitory" ... that its Ivory Tower economists know better than each and every one of us ...

And Congress can keep arguing about how to arrange the deck chairs on the Titanic ... how to cut a few billion dollars off the deficit, while allowing almost $10 TRILLION in additional deficits to pile up over the next decade ...
Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
Nothing in this article is, or should be construed as, investment advice.

Prasanth KS
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