The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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zamboz

To: Real Man who wrote (56176)	9/18/2014 11:02:06 AM
From: Rarebird	1 Recommendation Read Replies (2) of 71407

I'm looking at two possible scenarios for the USD here: 1) The recent break out of the USD will continue and the later will rise into the 90s and possible triple digits. This scenario is not likely, but possible. 2) Sentiment against the Euro has reached a feverish pitch, which has produced a final capitulation in commodity markets (CCI) and brought the POG very near its price lows for this move.This scenario is much more likely as the USD has risen to an area of major resistance. What to watch for outside of the Scottish vote is the start of the ECBs TLTRO program. Greater participation by the Banks to borrow at .15, the more bullish scenario for the Euro. A move above $1244 US POG is bullish. It could happen shortly (couple of days). Otherwise, the first week of October, looks ripe for the beginning of a bullish move. PS Breakout in the BKX killed Gold.

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