The dollar index was up this morning though the trend since early June has been down. If this decline contines, we'll be in uncharted waters soon.
Was there an obvious event that caused a rising dollar to morph into a falling dollar so quickly? My search of the archives of financial websites inexplicably led me to Mahendra Prophecy Publications. At precisely the moment the dollar was to start its steep descent, Mahendra writes:
Dollar will trade very stably. One shouldn’t miss any opportunity to buy it if it falls. Trading range will be 85.90 to 88.30. Thursday and Friday one should just load up with dollar index. By June 15 Dollar Index should reach 90.00.
And he adds, "If you don’t have any other option then please keep your house and transfer the rest into Dollar assets."
Mahendra's investing style is "inspired by Nostradamus" and "based on planet movement calculations". A subscription to Mahendra's newsletter is a mere $3000 per year.
May the force be with you.
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