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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: ecrire who wrote (880)11/5/2005 9:08:23 AM
From: bobbyfullerfore  Respond to of 50774
 
Well, I'll go out on the quivering limb and start sawing it off.I think the dollar can actually try for 95 and with all the stars lined up maybe even 100. You've got what...over a hundred billion still to come in from corporations overseas; you've got normal asian and mid-east money; you've got bird flu apprehension money from over there; you've now got even more dollars as a result of the French spectacle all of which seems to me a strong dollar and upward stock market which could actually test the March high sooner than most expect. How's that for crazy?
If I'm close to being right then sometime in 06 the fat lady sings on the dollar and it reverses course, gold takes off.
But, I think the move in the dollar recently is the start of interesting times for gold right now. It will have to go lower unless it is about to start a true decouple from the dollar. Can certain stocks start to decouple--currency or fundamental reasons-or the bullion or a combination of both. If my hunch is right about a higher dollar and it hits my marks earlier in 2006 then later, say sometime near the end of the first quarter perhaps the signs come sooner on any dollar divorce..If nothing decouples then the breakdown of the 50dma doesn't bode well for it at all one would think.
Of course if you throw in curve balls like pandemics, terrorist surprises, nuke issues, etc, and depending on where they occur you could have a crushed market, a strong dollar or about any scenario you can conjure up:>)
These sure are interesting times but of course every generation has said the same thing.
Luckily for me I haven't bet the farm just on natural resources and have been making money on certain techs as well. Buy em when they hate em..or don't even know about them:>
Well, with so many problems yesterday with my wireless router I didn't do much but buy that expected retrace of the break out in TRE by phone and argue with the dog on where oil's going. We both say down but he says lower than my 55. I reminded him that my 55 was shorter term outlook with slow growth not recessionary. He says 45 regardless or don't call him Mr. Peabody.....