Article submission by Sean Hyman:

Article Submission by Sean Hyman

Author Sean Hyman:

Yet Another Strike Against the U.S. Dollar!

During 2008, one of the few financial instruments in the world that went up was the U.S. dollar. It became a great defensive play as investors ran back to the “world’s reserve currency”. Also, investors began to flee the emerging markets and repatriated their funds back into the U.S. which caused them to sell out of the foreign currencies and repurchase dollars.

Also, as stocks and commodities plummeted throughout the latter part of 2008, investors looked for any “beaten down” safe havens out there that they could run to. The dollar had been sold off for years back to back. So there were very few financial instruments beaten down like this one. (However, the Japanese yen was in the same shape also).

So for a combination of all of these reasons, the dollar was “propped up” during 2008.

However, the tide is beginning to

Here’s the thing about forex trading: there’s always a least one or two major currencies going up at all times. This means there is always a currency safe haven out there. Sean  Hyman says currency ETFs and CDs (Certificates of Deposits) are two easy ways to play the currency market.

This from The Sovereign Society:

The currency market is bigger than all of the world’s stock markets combined. This market gushes with $4 trillion worth of currencies EACH DAY, 24 hours a day.In times of turmoil, there’s always a safe haven in currencies. The trick is finding it. These opportunities normally don’t pop up on investors’ radar screens because most investors have no idea how to even get a quote or a chart for a currency.

In fact, in these tough times the Japanese yen has been soaring like a rocket and so has the Swiss franc. Savvy hedge fund managers

Currency traders need to prepare for a stronger US dollar in 2009, says Sean Hyman in The Sovereign Society. The buck has broken a six-year downtrend, and it’s fast becoming the currency of choice as the credit crisis spreads to all corners of the globe. That’s why its the best place to be for safety and profits in the coming 12 months…

More from Sean:

Let’s look at a 10-year chart of the US dollar index below to illustrate this point.

The Unnoticed Trend: The Buck Finally Breaks Its Six-Year Trend

This will be a hard pill for many currency traders to swallow.

But even the buck has “up” years. While they are few and far between, 2009 will be one of those years. As a matter of fact, it is starting even now. Yet most won’t realize it until it’s too late