A Plan That Could Boost the Dollar

In Wednesday's article, I gave five reasons why I'm currently short the SPDR Gold Trust (GLD). Four of my reasons were technical; the fifth can't be found on a chart, yet it could be the most important. It could dramatically affect the U.S. dollar, which in turn would influence the price of gold. But the ramifications wouldn't stop there. The impact would be felt in some of largest companies on the S&P 500 as well.

The President earlier this week proposed a "grand bargain" that would reduce corporate income tax rates. It would also lower the repatriation tax on giant piles of cash that U.S. companies are holding overseas. That collective cash hoard is estimated at about $2 trillion. The White House hasn't indicated a proposed rate at which it would tax these funds, should they be repatriated....356 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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