What about the resurgent U.S. dollar? As of this writing, the dollar is up against the yen and against the euro . But Smith says that's merely temporary:
"The [U.S.] dollar is in a substantial weakening cycle, both for structural reasons and expectations of the bailout" and its effect on the U.S. budget balance sheet, he said.
He expects short-term strength for the greenback -- until "late 2009," when he sees the dollar's decline steepening. Then, expect to see gold over $1,000 per ounce, he predicts.
Aaron Smith at Superfund Financial is even MORE bullish -- in a shorter horizon.
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Disclosure information was not available for Smith or his company.