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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Jim Willie CB who wrote (50855)5/3/2002 12:40:48 AM
From: t2  Read Replies (1) of 65232
 
the USdollar is on its last legs
gonna take time for a world store of value to break
but the psychology is already breaking down
in the dollar trade debt
in the US leadership prestige
in the confidence behind US stocks

Agree.
This is my logic from a post on another thread:

I still think the US Dollar move DOWN this year is going to be the most interesting.
We won't see currency intervention like we have seen in the past; why would these foreign central banks want to continue loading up with US$ if there is every probability the dollar is on the way down. THAT IS THE KEY DIFFERENCE RIGHT NOW.
I would be willing to guess that they might want to bail out of some their dollar reserves!!! They may talk down their currencies but their actions may be totally the opposite.
Talking alone will not work this time unlike in past years. Back then the dollar trend was intact; now there is fear.

That prediction on gold is interesting and should become reality as the dollar sinks. The reality is that all bubbles burst...and the US$ is a bubble. If the Nasdaq is any guide, lookout!
Expecting to see the US$ index to break 114 very quickly as foreign central banks and investors decide to get ahead of the dollar plunge. Does anyone really think that Asian banks have the need to increase dollar reserves?<g>
They have been loading up for years just like investors loaded up on the Nasdaq in late 1990s.

btw--I would note there is a scenario under which a declining dollar coincides with a rising DOW. Here is an interesting article: kitco.com
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