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Throwing A Cat Among The Pigeons!

Contrarian Profits (June 15th, 2009) Writes:

Russia’s Fin Min talks up the dollar!  Currencies, commodities, stocks all lose ground…  Who’s car is uglier … Gold hit a 3-week low… And Now… Today’s Pfennig! Good day… And a Marvelous Monday to you! How about that weekend? I actually didn’t get a chance to experience much of it outside, but it sure looked great! We have new champions in basketball and hockey, so congrats to the Lakers and Penguins on their Championships! Now, the housecleaning is out of the way… It’s time to get to the meat… Where’s the beef? HA!

OK… Well, the Russian Finance Minister, Kudrin, threw a cat among the pigeons yesterday, when he stated that Russia has confidence in the U.S. currency. The markets have reacted violently to this statement, sending the dollar much higher, and the currencies led by the euro, much lower. An overreaction? I think so! But… These are the types of things you watch happen, and

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