Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: smolejv@gmx.net who wrote (55646)	11/6/2004 2:24:53 AM
From: energyplay	Read Replies (1) of 74559

Is there anyone who doesn't live in a cave who has not heard that 1) the USDollar is too high and 2) with the current trade deficit, the US Dollar must drop ? You would think that most European & Asian investors would have sold most of their stock and bond positions 6 months or two years ago....maybe when the Euro was $1.20 or so....2002 was a down year, 2003 was way up... Now, what price would they start to buy back in ? $1.50 ? or $ 1.40 or even $ 1.35... Part of the widely advertised fall of the USD has already happened....Euro used to be $0.92...oil $38 ....gold $380 A move of 15% more FROM TODAY means Gold $500 from $434 Euro $1.50 from $1.29 Yen 95 per dollar from 110 Oil $57 from $50 lots of round numbers there.... Canadian dollar is at $ 0.88 ...up 15% is about $1.00 - PARITY Remember the dollar decline has been HEAVILY ADVERTISED. and is known to be a sure thing.... ....maybe like tech stocks ?

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