Head of IMF Proposes New Reserve Currency
CIGA Eric
Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar.
What will come as a surprise is not only how fast "one day" arrives but also which currency is selected by the market.
Purchasing Power of the USD: 
Source: abcnews.go.com
Hi Jim,
The Gold Currency Index is now testing the all-time highs of last December on the weekly chart. A close well above current levels on a weekly basis would reconfirm the secular uptrend and predict a move up to new highs.
Best,
CIGA Erik
Prometheus Market Insight
http://www.prometheusmi.com
