Perhaps, the most astonishing is to see a whole lot of
bottom callers that emerge whenever the dollar rallies 1
percent, even today, and the dollar is DOWN today, actually.
It dropped 6% in a month and is literally crashing. That,
given pretty rotten fundamentals, and the never ending
slide down. However, the top for commodities and gold has
already been called, ditto the dollar bottom. And, when the
dollar stabilized from the sharp fall this Fall in November-
December, everyone came out and said it's gonna rise, cause
it's not falling anymore. I gather, it ain't. Some day. -g-
Guess what? The dollar is down from 82 to 71 in as little
as 7 months, almost 14%. This IS a currency crisis, by a
strict definition of a 25% annual fall. |
