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Resourceful Currencies: Favorites from the Aden Sisters

currency"The commodity currencies and economies are doing very well. Global growth and the rise in commodity prices have provided a huge boost and we expect this will continue," assert Mary Anne and Pamela Aden.

The global experts and co-editors of The Aden Forecast review their outlook for the currency markets along with our recommended currency funds.

They explains, "China's economy is still booming and so is India's. These countries are two of Australia's largest trading partners and their demand for resources keeps growing with no end in sight.

Continue reading Resourceful Currencies: Favorites from the Aden Sisters

Merk Hard Currency (MERKX): Diversify out of dollars

"The Congressional Budget Office upped its 2009 fiscal year deficit forecast to $1.2 trillion; add in the stimulus plan, and the deficit could be above $2 trillion," says Tony Sagami.

The editor of The Asia Stock Alert says, "As a result, we believe that the U.S. dollar is in big, big trouble. To protect your portfolio -- or even profit from the falling dollar -- buy Merk Hard Currency Fund (MERKX)."

The advisor explains, "For a long time, we have depended on the confidence and generosity of foreigners, especially the Chinese and Saudi Arabians, to fund our deficit spending lifestyle. Those days, however, are coming to a close.

"With the Federal Reserve Bank cutting its short-term interest rate target to range from 0% to 0.25%, I doubt you'll see overseas investors lining up to buy our next-to-nothing yielding bonds. The U.S. is, unfortunately, a country in trouble and headed for a painful currency devaluation. Inflation is lurking around the corner.

Continue reading Merk Hard Currency (MERKX): Diversify out of dollars

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 05:31 AM

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