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


To: DebtBomb who wrote (25708)12/18/2009 10:00:58 AM
From: ayn rand2 Recommendations  Respond to of 71456
 
we don't need no stinkin' GS!

we know that the current u.s. dollar rally is just to reel in profits from the massive dollar short positions by going against it, especially those on margin! once all the shorts are squeezed, the dollar decline will continue.

basically every morning "they" wake up and see where the public are placing their chips, and then go in the opposite direction until they have made enough profits.

that's the way i imagine it.

but i hear voices when i am alone, and see people everywhere when i am alone. i hope this is not too serious.



To: DebtBomb who wrote (25708)12/18/2009 11:43:28 AM
From: RockyBalboa  Read Replies (2) | Respond to of 71456
 
Whew the EUR is now an even better buy!

In earnest the USX future is on heavy offer at 78.50. I believe there will be some runs at that but then the dollar run should stall and perhaps reverse.

The spikes in EUR (to 1.426) and yen looked margin-liquidation driven. Not much selling in that area right now.

Hard to be believe that there is no demand in currencies accross the board.

But then we have short memories. less than a year ago it barely traded at 1.25.

The pound could be under pressure and going below 1.60 soon since it gained a lot vs other currencies and is about to give back those gains.