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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: rubbersoul who wrote (81179)9/20/2008 4:09:37 PM
From: Real Man  Respond to of 94695
 
The correct question: What is the target price for the dollar?
The answer: 0, by March/May 2011. <G>

Just kidding. But this chart is amazingly linear. <GGG>

fx.sauder.ubc.ca*&fd=1&fm=1&fy=2001&ld=31&lm=12&ly=2008&y=monthly&q=volume&f=png&a=lin&m=0&x=



To: rubbersoul who wrote (81179)9/21/2008 8:46:04 AM
From: Real Man  Read Replies (1) | Respond to of 94695
 
My target for the dollar is worse than Bill's. Being a bug,
I'm in agreement with Sinclair. I believe the
currency can fall off the cliff and add several zeroes, which
will make the buck essentially worthless. That provided,
of course, that the government policies of bailing out everyone
continue and foreigners get seriously spooked by these actions

Thus, the target for gold price is infinity, the target
for the dollar is zero.

The reason is bailout of US financial system on top of
already insane level of entitlements. 2011 indicated
by the price of dollar in terms of gold may be too soon,
but within 5-10 years the dollar will get drastically devalued
and hyperinflation will take hold, unless these policies
are abandoned.