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Politics : The Obama - Clinton Disaster

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To: DuckTapeSunroof who wrote (5353)1/23/2009 9:49:16 AM
From: GROUND ZERO™  Read Replies (1) of 103300
 
But if the Eurozone economies stay weaker than America's, the Euro might well be weaker than the Dollar.

Correct, but two things...

1) The dollar will eventually weaken against the euro because of so much printing of the dollar, and

2) The gold market has decoupled from the dollar, it is now moving higher despite a firmer dollar...

Therefore, IF the dollar weakens, which is my expectation, then gold will only accelerate higher... crude will also follow gold and the global economies begin to recover, this will be reflected in the markets probably by the end of the third quarter of this year...

By the way, why do you suppose the bond market is now breaking? Who wants to own a long term U.S. government IOU that pays very little and in dollars that will eventually weaken? My short bond positions are now paying off, although I took some heat for the first few days before that bubble finally broke...

Right, but they do to roll.

Right, and you can keep rolling your contracts over into the next front month...

GZ
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