Regular commenter, "Lenny D" calls the early calls for the demise of the US$ the "Elvis Trade". As he said to me: "What's going to replace the US$? The Euro? The Yuan? Give me a break. The U.S.$ is a lot like Elvis.... Fat, sweaty... but still "The King".
Is this the beginning of the long awaited US$ rally? Maybe. Maybe not. It certainly bears watching.
Besides... I love calling it the "Elvis Trade"... Fat, sweaty... but still "The King" (but not for much longer).
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