Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (708)	8/21/2001 5:31:19 AM
From: Davy Crockett	Read Replies (1) \| Respond to of 1643

.

To: craig crawford who wrote (708)	8/21/2001 5:33:21 AM
From: craig crawford	Respond to of 1643

Dollar drop nears danger point Euro strength breaks a trendline cbs.marketwatch.com There are some who believe that the current administration has grown tired of chanting that a strong dollar is in the U.S.'s best interest. A controlled, orderly decline in the buck would allow U.S. multinationals to bring home more profits, and sell abroad more cheaply. Sounds like a nice solution to an economic slowdown, right? ........................................................................................................................... In the early-1990s, President Bill Clinton's other Treasury secretary, Lloyd Bentsen, tried to surgically engineer a dollar decline against the Japanese yen. In less than two years, the dollar went from the mid-120s versus the yen, to its low of approximately 79.80. That represented an "orderly" decline -- straight down -- of close to 40 percent. .............................................................................................................................. Recent dollar weakness has been swift and dramatic, reminiscent of the pace 8 years ago. But it still hasn't fallen enough to take out any major technical levels. It has come fairly close, however, to creating one of the more classic reversal patterns against the yen -- the double top. .............................................................................................................................