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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: Joe Smith who wrote (5280)2/24/2005 4:17:38 PM
From: Chip McVickar  Respond to of 12411
 
Dollars decline has served a purpose over the last few years, to our multinationals and especially to Japan. Maybe that accommodation is coming to an end...?

Being in a highly managed worldwide monetary system with the central banks all quietly "agreeing to agree"... it is my hope they remain doing just that...!!!

Don't believe gold is a factor today in any positioning by the banks.
Dollar has held at a blue median line and on a red lower tine.

Seems the wave impulses are playing themselves out for a move higher.
Wouldn't be surprised if you were right...
stockcharts.com[h,a]dcoannay[dd][pb33!b50!b72!b150!b200!f][iLb14!Lb5!Ld20!Lh14,3!La8,21,5][J45962355,Y]&pref=G

In the 3 articles presented... I like the presentation for their other sided views
The concept of continued deflationary pressures, low interest rates, supported dollar and stable growth to our economy is fascinating.

But it's tooearly to tell