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

To: Real Man who wrote (13360)10/23/2008 10:58:26 AM
From: RockyBalboa  Read Replies (1) | Respond to of 71455
 
Also the yen has possibly topped out. Some money is flowing back in the oversold EURYEN trades. It was amazing to see how deep EURJPY fell... to 123.

Now off to the races.

Short JPY, Long EURJPY, EURCHF.

So far, I am pleased with my GDX purchases. A good thing that I was out when gold dropped to 700. I could have made a mistake by hedging it.



To: Real Man who wrote (13360)10/23/2008 11:18:05 AM
From: RockyBalboa  Read Replies (1) | Respond to of 71455
 
AUD will come back, but as it is one of the riskier trades, people look first at less volatile stuff. The collapse of the british pound (today off once more and it marked a new low) is still depressing the non-USD dollar block. If it comes to a USX reversal people still trade the EUR first.


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