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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: russwinter who wrote (17451)12/2/2004 10:03:48 PM
From: mishedlo  Read Replies (2) of 116555
 
Bottom Call
Can it be?
Are those allowed here on anything other than gold or silver or oil?
If we are not there I think we are close.
Ok mish quit yapping and make the call.

here it is right on the cover of the economist
economist.com
The disappearing dollar
The sliding dollar most likely has further to fall—but how much further? And what does that mean for its reserve-currency status, which has profited the United States so much? The news is not good ... morePremium content

Just like Richard Dent's book "Roaring 2000's Investor"
Just like the peak of "The Gorilla Game"
When the mainstream press is FINALLY embracing the trend........
When EVERYONE believes.... the trend is due for one hell of a serious correction, perhaps it is even over.

If it plays like oil it will not be easy.
With oil there was a steep pullback then a rush to a new high then a plunge of 27% to where we are now. I would not expect a 27% rise in the USD but perhaps next year is the year to short stocks and go long the US$ as Faber suggested today.

At any rate, what's left of this move if it is on the cover of the economist? Did they ring a bell and tell everone to buy oil when it was $15? No they said it would fall to $8 or whatever.

Scott Reamer on Minyanville said today
"When it's time to sell your dollars, it won't be on the cover of The Economist"

I might add
When it's time to buy the US $ it will not be on the cover of the Economist either.

Mish
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