In the News:
New York Sun

New York Sun quotes portfolio manager Axel Merk in "Dollar's Fall Starts to Stir Worry":

"For the first time in three decades, the dollar is now equal in value to the Canadian loonie, and the euro, which is trading at a high of $1.41 this week, is the strongest it has ever been against the dollar in its eight-year history. This is not good news for America's economy, experts say. 'No country in the world has ever fought itself to prosperity by weakening its currency,' the manager of the Merk Hard Currency Fund, Axel Merk, said. 'The Fed decision to cut rates last week was wrong.' "