U.S. Dollar On The Chopping Block
The euro is on the chopping block, and the dollar UUP – PowerShares DB U.S. Dollar Index Bullish Fund (NYSEARCA:UUP) isn’t far behind. ShadowStats.com’s editor John Williams’ just published a gloomy outlook for the U.S. due to the demise of the dollar and the emergence of hyperinflation that could be a reality as soon as 2014, due to the ongoing lack of political will to take sound corrective measures. Williams contends that turning to gold, silver and strong foreign currencies would protect wealth and position for investors to take advantage of extraordinary opportunities likely to flow out of the turmoil ahead.The UUP – PowerShares DB U.S. Dollar Index Bullish Fund seeks to track the price and yield performance, of the Deutsche Bank Long US Dollar Futures index. The index is comprised solely of long futures contracts. The futures contract is designed to replicate the performance of being long the US Dollar against the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.