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Pessimism of US dollar

I have been trying to write a report on the USD. But, GOD.... I am overwhelmed by the negative news flows on dollar. Every Tom, Dick and Harry seems to be bearish on dollar. Every newspaper, every story, every columnist, every blog, every trader. I have spent most part of weekend looking for a "contrarian" view on dollar, but those just doesn’t seem to exist.

I agree there is too much happening on dollar, to relax on the trigger just now. But is this too much? I have been a gold-bug for a long time. $1000 is a crowning glory but come on... dollar is not going to die. If it dies like this, in one swoop, it will be financial Armageddon!

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Just trying to check what is the sentiment. Tried to check out the trends of google searches:



It should be noted that these search strings are not accurate. For example, if we look for “gold”, it will count the articles related to Gold cup, Olympic gold etc. Similarly, for Dollar, any articles that discuss the price of lipstick in dollar terms will be taken in account. And “fed up” will count for “Fed” J. In other words, these are not accurate; they are off by exponential factors.

But, if you look at it, we can justify the use of Gold, in million scenarios, but not as much the use of “dollar” as against “$”. Probably, it implies the loads of documents created are really very high.

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Pessimism cynicism everywhere,

Gloom doom here and there.

Should I buy, should I not?

There’s too much pessimism everywhere.


Is this floor or is there more?

Don’t know. That’s what future is for!

Is it true, Good men said -

Enter, when others exit the door.


If you need a hat in summer

Buy one in winter.

If you buy for a year or two

Does it matter if you buy today or later?


Falkor
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