Slate Grocery REIT T.SGR

For those that predict the US $$ rise...

[baba2]

Just something to chew on........... America is sorely losing the fight against unemployment. Millions of jobs have left the USA to foreign shores because the greenback is too dear...ie the US dollar is still over-valued vis-à-vis the Chinese renminbi, the Brazilian cruciero, the Indian rupee, the peso of a dozen Latin American Banana Republics etc etc. Consequently, manufacturing jobs have already moved au-masse off-shore. But it doesn't stop with the job sacking of the industrial manufacturing sector. So-called ‘outsourcing’ is now attacking the Service Industry. Recently, I discovered that major US banks have hired an army of telephone representatives in India for their Customer Relations Departments to field calls from depositors in the US. They do this simply because the wages paid to employees in India are TEN TIMES LESS THAN AMERICAN PERSONNEL. The exportation of US jobs is so pervasive that I can foresee the Pentagon may even some day hire the legendary Ghurka soldiers from Nepal to man American armies. The Washington Administration is well aware that it cannot hope to win the next elections if Job Exportation is not reversed SOON. Consequently, the US dollar will continue to devalue on-balance with a view to make US business more competitive in world markets. To be sure there will be occasional periods of dollar strength (like the recent present). But these are mere technical dead-cat bounces. Nevertheless, these head-fakes will be followed by greater declines to new lows in the Dollar’s Secular Bear Market that began in 2001. Indubitably, the Administration has been and will continue to covertly orchestrate the dollar's decline. IMO, the greenback will inexorably be maneuvered down to the low 70s, well before the next Presidential Election. Political expediency (by the Republican Administration) insures that the dollar will continue to fall, and the POG will continue to rise for at least the next 12 months. Personally, I look for gold to top $1000 by the end of this year…correspondingly HUI will assault the 800 level. $1000+ gold is ‘written on the wall’ ----- https://stockcharts.com/h-sc/ui?s=$GOLD&p=M&st=1980-05-31&id=p93595645302&a=13195943