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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: BSGrinder who wrote (17222)	11/30/2004 3:19:29 PM
From: Wyätt Gwyön	Read Replies (3) \| Respond to of 116555

well, be that as it may, imo the easy money on the anti-USD trade has already been made for this cycle (until the next countertrend rally) and i am not sticking around to squeeze blood from the turnip. just as i believe there will be better opportunities in the PMs, i think there will be better chances to re-enter higher-yielding currencies like AUD. it was so easy to make money on PMs and forex this year--just wait for the margin lemmings to crash and burn, then buy PMs in late spring and AUD/NZD in early summer. i just wish these cycles would last a year so i could get LTCG -g-. of course, i did the same thing last year, and also sold out and was told i would miss the "big Kahuna". i guess they forgot to mention that the big Kahuna would take a lot of gold stocks 70% in the wrong direction.

To: BSGrinder who wrote (17222)	11/30/2004 3:28:28 PM
From: Wyätt Gwyön	Respond to of 116555

I haven't seen one single person who manages money - not one - that hasn't opined that the dollar is due for a rally. Thus providing that wall of worry... most of those people are irrelevant since they've been long USD all along. they don't have anything to worry about since they didn't have the good sense to short USD when the getting was good. so they don't have to worry about losing profits.