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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: foundation who wrote (11941)	11/27/2006 10:58:02 PM
From: energyplay	Respond to of 219977

Great chart, by the way. On the Plaza Accord - the 20% decline in the USD was what could be politically sold to the Europeans and Japan at that time. I expect the real target for the US was about 105 to about 83 on the chart. 105 lines up with the earliest top on the chart, and 83 lines up with multiple prior bottoms. In the early 1980s, imports were taking over all sorts of market share in the US because the USD was too high. I am looking for about a 25% drop from here, to about 60. That's in currency terms. I expect gold should see a nice round $ 1000 - actually I would expect maybe $ 1050 ;-) Oil will go to $ 100 then back to about $ 85. To get the USD to go lower than 60, we will have to print more money. I don't think the US Congress will be that irresponsible, do you ?