Yields Spike, Stocks Sag, the Fed Fiddles
Real Vision: Finance & Investing
00:00
How Are You Playing Against the Dollar?
Mitch Snyder: The dollar has gone too far too fast and I've been pounded in a table. He says the Fed can't be so aggressive that they drive the dollar up because you remember the old ERM when the European Union had taken one's currencies, which was to keep the currencies in line. But he also thinks that they could come in and try to do something to rectify that. And that could be a really better, longer term buying opportunity in goldBecause I think the dollar is destined to go lower, longer term.
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