- This topic has 50 replies, 7 voices, and was last updated 15 years, 11 months ago by peterb.
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December 5, 2008 at 10:14 AM #312290December 6, 2008 at 8:10 AM #31220334f3f3fParticipant
For the purposes of buying something as intrinsic to a domestic market as a home, being in the local currency makes sense. Anyway, the dollar has been gaining ground against other currencies, and as other economies weaken there has been a flight to the dollar as a safe(r) bet. The main major threat to the dollar is Asian ownership of US debt, but that threat is more likely to come from geo-political strategic games, that will play out when resources become scarce. A similar thing happened during the Suez crisis, when the US threatened to pull the rug beneath the UK and France.
December 6, 2008 at 8:10 AM #31268134f3f3fParticipantFor the purposes of buying something as intrinsic to a domestic market as a home, being in the local currency makes sense. Anyway, the dollar has been gaining ground against other currencies, and as other economies weaken there has been a flight to the dollar as a safe(r) bet. The main major threat to the dollar is Asian ownership of US debt, but that threat is more likely to come from geo-political strategic games, that will play out when resources become scarce. A similar thing happened during the Suez crisis, when the US threatened to pull the rug beneath the UK and France.
December 6, 2008 at 8:10 AM #31256034f3f3fParticipantFor the purposes of buying something as intrinsic to a domestic market as a home, being in the local currency makes sense. Anyway, the dollar has been gaining ground against other currencies, and as other economies weaken there has been a flight to the dollar as a safe(r) bet. The main major threat to the dollar is Asian ownership of US debt, but that threat is more likely to come from geo-political strategic games, that will play out when resources become scarce. A similar thing happened during the Suez crisis, when the US threatened to pull the rug beneath the UK and France.
December 6, 2008 at 8:10 AM #31259234f3f3fParticipantFor the purposes of buying something as intrinsic to a domestic market as a home, being in the local currency makes sense. Anyway, the dollar has been gaining ground against other currencies, and as other economies weaken there has been a flight to the dollar as a safe(r) bet. The main major threat to the dollar is Asian ownership of US debt, but that threat is more likely to come from geo-political strategic games, that will play out when resources become scarce. A similar thing happened during the Suez crisis, when the US threatened to pull the rug beneath the UK and France.
December 6, 2008 at 8:10 AM #31261434f3f3fParticipantFor the purposes of buying something as intrinsic to a domestic market as a home, being in the local currency makes sense. Anyway, the dollar has been gaining ground against other currencies, and as other economies weaken there has been a flight to the dollar as a safe(r) bet. The main major threat to the dollar is Asian ownership of US debt, but that threat is more likely to come from geo-political strategic games, that will play out when resources become scarce. A similar thing happened during the Suez crisis, when the US threatened to pull the rug beneath the UK and France.
December 6, 2008 at 10:27 AM #312642peterbParticipantHere’s an article written by a guy that’s a currency pro. It’s logical and follows a strong historical pattern for accuracy. The US$ is very likely to remain strong for quite some time:
http://www.howestreet.com/articles/index.php?article_id=8115December 6, 2008 at 10:27 AM #312732peterbParticipantHere’s an article written by a guy that’s a currency pro. It’s logical and follows a strong historical pattern for accuracy. The US$ is very likely to remain strong for quite some time:
http://www.howestreet.com/articles/index.php?article_id=8115December 6, 2008 at 10:27 AM #312664peterbParticipantHere’s an article written by a guy that’s a currency pro. It’s logical and follows a strong historical pattern for accuracy. The US$ is very likely to remain strong for quite some time:
http://www.howestreet.com/articles/index.php?article_id=8115December 6, 2008 at 10:27 AM #312610peterbParticipantHere’s an article written by a guy that’s a currency pro. It’s logical and follows a strong historical pattern for accuracy. The US$ is very likely to remain strong for quite some time:
http://www.howestreet.com/articles/index.php?article_id=8115December 6, 2008 at 10:27 AM #312253peterbParticipantHere’s an article written by a guy that’s a currency pro. It’s logical and follows a strong historical pattern for accuracy. The US$ is very likely to remain strong for quite some time:
http://www.howestreet.com/articles/index.php?article_id=8115December 7, 2008 at 8:07 AM #312458Chris Scoreboard JohnstonParticipantIt appears PeterB and I agree on quite a few things. I am not sure if you are a trader or not but you certainly seem to have a good grasp on several things related to the markets.
My research on the dollar shows that it should move higher for several years. There is a 16 yr cycle low that was due earlier this year that hit right on schedule, and now we are moving up according to what should be happening. If this pattern holds true we should have an 8 yr run in the Dollar upward. I especially like this pattern because it is oppposite of what the majority of people think, hence likely to be valid. I also like what it forecasts for Gold, much lower prices. I shorted Gold last week in line with what I posted here that I was looking to sell the short term rally. I already took the money because it was so much so fast I could not help myself. There should be selling opportunities in Gold and Buys in the Dollar for quite some time.
What the world waits for will never happen, and I think this is true for both of these markets at this juncture. 8 years up seems like alot, but until this pattern which is working perfectly in it’s early stages falters, that is going to be my view. I am really hoping for some short term dollar weakness to get aggressively long.
I really have no idea about the economics of these views, economists are notoriously poor traders. However, if we are Japan from the 80’s ( where I think we are ) this would all make sense on an econmics level.
I did a comprehensive study of Gold and how it reacted historically to stock market declines in my newsletter many months ago, which conclusively shows no relationship either way between GOLD and stock market declines. It is not a safe haven, do not get suckered into that story, it is a ruse to sell coins. It’s relationship is with inflation not stock prices.
For the record I am not hawking the newsletter, I do not do it anymore, I got tired of the hassle of writing it.
December 7, 2008 at 8:07 AM #312815Chris Scoreboard JohnstonParticipantIt appears PeterB and I agree on quite a few things. I am not sure if you are a trader or not but you certainly seem to have a good grasp on several things related to the markets.
My research on the dollar shows that it should move higher for several years. There is a 16 yr cycle low that was due earlier this year that hit right on schedule, and now we are moving up according to what should be happening. If this pattern holds true we should have an 8 yr run in the Dollar upward. I especially like this pattern because it is oppposite of what the majority of people think, hence likely to be valid. I also like what it forecasts for Gold, much lower prices. I shorted Gold last week in line with what I posted here that I was looking to sell the short term rally. I already took the money because it was so much so fast I could not help myself. There should be selling opportunities in Gold and Buys in the Dollar for quite some time.
What the world waits for will never happen, and I think this is true for both of these markets at this juncture. 8 years up seems like alot, but until this pattern which is working perfectly in it’s early stages falters, that is going to be my view. I am really hoping for some short term dollar weakness to get aggressively long.
I really have no idea about the economics of these views, economists are notoriously poor traders. However, if we are Japan from the 80’s ( where I think we are ) this would all make sense on an econmics level.
I did a comprehensive study of Gold and how it reacted historically to stock market declines in my newsletter many months ago, which conclusively shows no relationship either way between GOLD and stock market declines. It is not a safe haven, do not get suckered into that story, it is a ruse to sell coins. It’s relationship is with inflation not stock prices.
For the record I am not hawking the newsletter, I do not do it anymore, I got tired of the hassle of writing it.
December 7, 2008 at 8:07 AM #312846Chris Scoreboard JohnstonParticipantIt appears PeterB and I agree on quite a few things. I am not sure if you are a trader or not but you certainly seem to have a good grasp on several things related to the markets.
My research on the dollar shows that it should move higher for several years. There is a 16 yr cycle low that was due earlier this year that hit right on schedule, and now we are moving up according to what should be happening. If this pattern holds true we should have an 8 yr run in the Dollar upward. I especially like this pattern because it is oppposite of what the majority of people think, hence likely to be valid. I also like what it forecasts for Gold, much lower prices. I shorted Gold last week in line with what I posted here that I was looking to sell the short term rally. I already took the money because it was so much so fast I could not help myself. There should be selling opportunities in Gold and Buys in the Dollar for quite some time.
What the world waits for will never happen, and I think this is true for both of these markets at this juncture. 8 years up seems like alot, but until this pattern which is working perfectly in it’s early stages falters, that is going to be my view. I am really hoping for some short term dollar weakness to get aggressively long.
I really have no idea about the economics of these views, economists are notoriously poor traders. However, if we are Japan from the 80’s ( where I think we are ) this would all make sense on an econmics level.
I did a comprehensive study of Gold and how it reacted historically to stock market declines in my newsletter many months ago, which conclusively shows no relationship either way between GOLD and stock market declines. It is not a safe haven, do not get suckered into that story, it is a ruse to sell coins. It’s relationship is with inflation not stock prices.
For the record I am not hawking the newsletter, I do not do it anymore, I got tired of the hassle of writing it.
December 7, 2008 at 8:07 AM #312936Chris Scoreboard JohnstonParticipantIt appears PeterB and I agree on quite a few things. I am not sure if you are a trader or not but you certainly seem to have a good grasp on several things related to the markets.
My research on the dollar shows that it should move higher for several years. There is a 16 yr cycle low that was due earlier this year that hit right on schedule, and now we are moving up according to what should be happening. If this pattern holds true we should have an 8 yr run in the Dollar upward. I especially like this pattern because it is oppposite of what the majority of people think, hence likely to be valid. I also like what it forecasts for Gold, much lower prices. I shorted Gold last week in line with what I posted here that I was looking to sell the short term rally. I already took the money because it was so much so fast I could not help myself. There should be selling opportunities in Gold and Buys in the Dollar for quite some time.
What the world waits for will never happen, and I think this is true for both of these markets at this juncture. 8 years up seems like alot, but until this pattern which is working perfectly in it’s early stages falters, that is going to be my view. I am really hoping for some short term dollar weakness to get aggressively long.
I really have no idea about the economics of these views, economists are notoriously poor traders. However, if we are Japan from the 80’s ( where I think we are ) this would all make sense on an econmics level.
I did a comprehensive study of Gold and how it reacted historically to stock market declines in my newsletter many months ago, which conclusively shows no relationship either way between GOLD and stock market declines. It is not a safe haven, do not get suckered into that story, it is a ruse to sell coins. It’s relationship is with inflation not stock prices.
For the record I am not hawking the newsletter, I do not do it anymore, I got tired of the hassle of writing it.
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