Home › Forums › Financial Markets/Economics › Another gold question
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April 9, 2009 at 11:56 AM #379037April 9, 2009 at 4:19 PM #378529
Chris Scoreboard Johnston
ParticipantThe dollar is in a long term up cycle that should last several years. This is a well known established cycle that began last year. I am a trader not an economist, so these theories about what will happen are not part of this evaluation. This is strictly based on my technical analysis of the price action in the dollar.
We are in a devalaution cycle as well, so with these two things put together I do not believe Gold and Silver will appreciate alot in price in the near term.
Just my two cents, but I am the only one in here that I know of that has been bullish on the dollar in recent months. It has been choppy, but the commercials are buying into this recent decline, so I think the dollar is going to rise, maybe by quite a bit soon.
April 9, 2009 at 4:19 PM #378807ParticipantThe dollar is in a long term up cycle that should last several years. This is a well known established cycle that began last year. I am a trader not an economist, so these theories about what will happen are not part of this evaluation. This is strictly based on my technical analysis of the price action in the dollar.
We are in a devalaution cycle as well, so with these two things put together I do not believe Gold and Silver will appreciate alot in price in the near term.
Just my two cents, but I am the only one in here that I know of that has been bullish on the dollar in recent months. It has been choppy, but the commercials are buying into this recent decline, so I think the dollar is going to rise, maybe by quite a bit soon.
April 9, 2009 at 4:19 PM #378989ParticipantThe dollar is in a long term up cycle that should last several years. This is a well known established cycle that began last year. I am a trader not an economist, so these theories about what will happen are not part of this evaluation. This is strictly based on my technical analysis of the price action in the dollar.
We are in a devalaution cycle as well, so with these two things put together I do not believe Gold and Silver will appreciate alot in price in the near term.
Just my two cents, but I am the only one in here that I know of that has been bullish on the dollar in recent months. It has been choppy, but the commercials are buying into this recent decline, so I think the dollar is going to rise, maybe by quite a bit soon.
April 9, 2009 at 4:19 PM #379033ParticipantThe dollar is in a long term up cycle that should last several years. This is a well known established cycle that began last year. I am a trader not an economist, so these theories about what will happen are not part of this evaluation. This is strictly based on my technical analysis of the price action in the dollar.
We are in a devalaution cycle as well, so with these two things put together I do not believe Gold and Silver will appreciate alot in price in the near term.
Just my two cents, but I am the only one in here that I know of that has been bullish on the dollar in recent months. It has been choppy, but the commercials are buying into this recent decline, so I think the dollar is going to rise, maybe by quite a bit soon.
April 9, 2009 at 4:19 PM #379160ParticipantThe dollar is in a long term up cycle that should last several years. This is a well known established cycle that began last year. I am a trader not an economist, so these theories about what will happen are not part of this evaluation. This is strictly based on my technical analysis of the price action in the dollar.
We are in a devalaution cycle as well, so with these two things put together I do not believe Gold and Silver will appreciate alot in price in the near term.
Just my two cents, but I am the only one in here that I know of that has been bullish on the dollar in recent months. It has been choppy, but the commercials are buying into this recent decline, so I think the dollar is going to rise, maybe by quite a bit soon.
April 9, 2009 at 6:18 PM #3785994plexowner
ParticipantChris: I agree with you that gold and silver may cool their heals for awhile IF we are looking at silver and gold as commodities and IF we assume that the dollar-up / gold-down correlation resumes / continues
IF gold is now behaving as a currency then all bets are off
the gold / USD action from mid-Dec through late-Feb might cause some people to question the “gold as commodity only” viewpoint – USD rallied from 0.78 to 0.87 at the same time gold rallied from 850 to 1000
and, on the international front, obviously the Russians and Chinese aren’t buying into any USD rally since they are both asking for a new reserve currency with gold backing
April 9, 2009 at 6:18 PM #378877ParticipantChris: I agree with you that gold and silver may cool their heals for awhile IF we are looking at silver and gold as commodities and IF we assume that the dollar-up / gold-down correlation resumes / continues
IF gold is now behaving as a currency then all bets are off
the gold / USD action from mid-Dec through late-Feb might cause some people to question the “gold as commodity only” viewpoint – USD rallied from 0.78 to 0.87 at the same time gold rallied from 850 to 1000
and, on the international front, obviously the Russians and Chinese aren’t buying into any USD rally since they are both asking for a new reserve currency with gold backing
April 9, 2009 at 6:18 PM #379059ParticipantChris: I agree with you that gold and silver may cool their heals for awhile IF we are looking at silver and gold as commodities and IF we assume that the dollar-up / gold-down correlation resumes / continues
IF gold is now behaving as a currency then all bets are off
the gold / USD action from mid-Dec through late-Feb might cause some people to question the “gold as commodity only” viewpoint – USD rallied from 0.78 to 0.87 at the same time gold rallied from 850 to 1000
and, on the international front, obviously the Russians and Chinese aren’t buying into any USD rally since they are both asking for a new reserve currency with gold backing
April 9, 2009 at 6:18 PM #379103ParticipantChris: I agree with you that gold and silver may cool their heals for awhile IF we are looking at silver and gold as commodities and IF we assume that the dollar-up / gold-down correlation resumes / continues
IF gold is now behaving as a currency then all bets are off
the gold / USD action from mid-Dec through late-Feb might cause some people to question the “gold as commodity only” viewpoint – USD rallied from 0.78 to 0.87 at the same time gold rallied from 850 to 1000
and, on the international front, obviously the Russians and Chinese aren’t buying into any USD rally since they are both asking for a new reserve currency with gold backing
April 9, 2009 at 6:18 PM #379231ParticipantChris: I agree with you that gold and silver may cool their heals for awhile IF we are looking at silver and gold as commodities and IF we assume that the dollar-up / gold-down correlation resumes / continues
IF gold is now behaving as a currency then all bets are off
the gold / USD action from mid-Dec through late-Feb might cause some people to question the “gold as commodity only” viewpoint – USD rallied from 0.78 to 0.87 at the same time gold rallied from 850 to 1000
and, on the international front, obviously the Russians and Chinese aren’t buying into any USD rally since they are both asking for a new reserve currency with gold backing
April 17, 2009 at 3:39 AM #382519Anonymous
GuestGold is still the basis of the economic strength of a nation. Cash for gold online websites can help you with your question. I sold my gold there. Compared to other prices on the net, they gave the highest appraisal for my gold. Gold Buyers
April 17, 2009 at 3:39 AM #382788GuestGold is still the basis of the economic strength of a nation. Cash for gold online websites can help you with your question. I sold my gold there. Compared to other prices on the net, they gave the highest appraisal for my gold. Gold Buyers
April 17, 2009 at 3:39 AM #382980GuestGold is still the basis of the economic strength of a nation. Cash for gold online websites can help you with your question. I sold my gold there. Compared to other prices on the net, they gave the highest appraisal for my gold. Gold Buyers
April 17, 2009 at 3:39 AM #383027GuestGold is still the basis of the economic strength of a nation. Cash for gold online websites can help you with your question. I sold my gold there. Compared to other prices on the net, they gave the highest appraisal for my gold. Gold Buyers
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