The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (12860)	10/10/2008 12:17:37 PM
From: TH	2 Recommendations Read Replies (3) of 71456

Vi, How perverse that the dollar continues to strengthen. I think some must be confused about that <flight to quality> axiom. As far as the US Dollar is concerned it is <flight to quantity> <g> So, the POG is down today, after two attempts to hold the critical 921. Probably just a mad dash for cash and a fear of the 7 great monkeys this weekend. I am surprised, but not really. And now the dollar has reached THE level where it must prove that higher with conviction is going to happen, or be forced to turn back. Interesting that the Canadian buck is so hard hit. Sure they are heavy on the resources, but they also appear to have a sound banking system. Or at least Jesse says so. jessescrossroadscafe.blogspot.com GT TH

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