Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (3927)	8/5/2002 3:07:07 PM
From: Jim Willie CB	Read Replies (1) of 89467

decision time for USdollar, standing at the crossroads dollar is at 107.2 last Thursday it peaked at almost 108 flat its rapidly descending 50dayMA is now at 108.18 this bounce has taken it from 103.5 to 107.9 its 20dayMA has flattened out within 105.50 - 105.90 and now the 20MA has begun to turn down slightly crossroads: will USdollar be rebuffed at 50MA ??? I think so Europeans largely hold the answer in their hands in July their message was simple and clear "if US stocks cannot rebound, if the US economy does not recover, then Europeans will be selling dollarized financial assets when August and September arrive" stocks are not rebounding economy is not recovering hold on, big declines are coming and this time, the losses might also come in TBonds this development will unnerve the whole market and send safehaven seeking money into gold / jim

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