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 : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: gregor_us who wrote (3342)	1/15/2008 11:07:01 AM
From: Tommaso	Respond to of 71466

As I have often posted, I have been using FXY as a money-market account, and it's been a good idea. Wish I had done something leveraged with the yen, but too speculative for me. It has seemed to me that the dollar index had quite a resistance level (though I don't do technical analysis) at 75.5, for some reason. It broke that today. If the world markets see Bernanke actually cutting anohter half-point, antidollar panic could set in. It looks more and more like intentional devaluation, or at best, reckless disregard for the dollar's value.