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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (11607)	9/22/2008 11:36:05 PM
From: TH	Read Replies (1) \| Respond to of 71412

Vi, I agree, but the damage has been done to the dollar. And growing awareness that the US is going to try and muscle out of this. The rest of the world may not play if we can't pay. And, uh, we can't pay <ng> So sure, they will wack the POG a bit, and try to rally the dollar, but the uptrend is now in serious question and bagholders harder and harder to find. I'll stay long the POG, dammit <g> GT TH

To: Real Man who wrote (11607)	9/23/2008 12:14:36 AM
From: Follies	Read Replies (1) \| Respond to of 71412

clearly those that make the rules are ready to change the rules whenever they see fit. How long before they shut down the power shares short ETFS? How long before they shut down GLD, SLV ETFs? How long before they shut down the FX ETFs? How long before they confiscate krugerands and maple leafs? How long before they break in to safe deposit boxes? How long before the only thing you can invest in is T-Bills and long Goldman Sacks?

To: Real Man who wrote (11607)	9/23/2008 2:31:05 AM
From: LTK007	3 Recommendations Read Replies (2) \| Respond to of 71412

A technical aspect is we likely have a over hang resistance going back to the blow-off run from about 890 to 1011. On the subsequent run to 970, perhaps a good deal of the overhang was taken out. But whenever gold or whatever is retracing its way pack following a big sell-off from alltime highs it is rising into the overhang of those that jumped in late and are waiting to get out even. Just don't know how much overhang still remains. This, of course, the essence of support lines and resistance lines. Looking at that chart we have 2 mountain formations above 890. A retrace back to old alltime high is a bit like a salmon swimming upstream. Plus once those resistance support lines are established we get more and more traders buying support and selling resistance. But POG always has an explosive component if this financial situation can't be resolved , then it would come to a point where it blows through 1011, just pushing resistance aside.Max