Euro Breaks $1.30
After hitting a high of $1.51 just six months ago, the euro broke the $1.30 level and is currently trading at $1.28. Greece’s inability to repay its debts has dragged down the euro and proposed austerity measures have led to rioting.
After European Union eventually bails out Spain, Portugal, Ireland and Italy the euro might trade on parity with the dollar!
I wish I hadn’t been so quick to close my long position on the EUO May $21 calls last week!
With the financial crisis and currency devaluation, the long term prospects for gold are still looking good too.
If you found this post helpful, consider donating to my coffee fund!![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
- Taleb: Everyone Should Short US Treasuries One of my favorite investors, Nassim Nicholas Taleb, founder of Empirica investment management funds and author of Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, was recently quoted on Bloomberg advising every single human being to short the US Treasury bonds. While this news......
- October 2007 Passive Income Update It time for an update on October's passive income and online earnings. Last month's total was nice $1,736.80. Plus I got another $100 for referring a friend to TDAmeritrade, so counting that its $1836.80. I'm not counting the income from Prosper since its rather difficult to manually go through ~50......
-
Gold Cracks $1000/Oz: Investing For A Recession Based on continuing weakness in the dollar, gold briefly breeched the $1000 level yesterday along with oil hitting an all time high of $111 per barrel. I had a really strong suspicion that we'd see $1000 gold by mid-March. Despite what Bernanke and Paulson said last summer, the housing......
Related Websites
- McGladrey Classic This week in golf featured a relatively slow week in the United States, but a relatively interesting week in Europe. Both the American and European players took the week off after spending the previous weekend in the Ryder Cup. The PGA Tour featured the McGladrey Classic this week, located in......
- Success With Penny Stocks of Canadian Gold Mining Companies For the penny stock lover, there is lots to choose from in the Canadian gold mining sector - to say nothing of other metals explorers. When gold season hits, many of us like to reconsider our gold weightings and rebalance for the future. Here are a few Canadian gold stocks......
- Different Kinds of US Currency to Collect There are plenty of different categories and themes for you to focus in on if you have decided that you want to collect US currency for your collection. These various focuses and categories help to keep your collection cohesive and give you a path to follow as you continue to......
[All content is copyright of Living Off Dividends & Passive Income]
May 6th, 2010 at 5:44 pm
nice trade. wish you had mentioned EUO earlier I forgot currencies had ETF’s. I would expect you will short EUR again? I mean EUR is going far lower don’t you think?
October 13th, 2010 at 9:54 pm
Hi,
it appears that the US dollar is losing value again with respect to euro. After the low $1.28 in June, euro is now trading at $1.39. Would you suggest I convert my US dollars to Euro? Do you predict that the dollar will continue to decline? I live in Greece. I am not a US citizen, but I used to live in the US. What should I do with my dollars? Any insight?
Matthew