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Boy, the Dollar Looks Strong


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#21 K Wave

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Posted 17 July 2022 - 12:19 PM

We need dollar back in 80's for things to cost less.

Which of the 6 crappy currencies do you suppose is going to accomplish that feat?

 

I see mostly the beginnings of LT breakouts USD / 6 crappy currencies in the monthly charts here.

 

Swiss perhaps with a shot of holding, but if USD gets a foothold above parity, then LT turns up there as well, and right now, daily chart looking more bullish than bearish....with possible explosion upside at any time....a solid break of 95 could change that view, and would likely be first sign USD might abort the launch...


Edited by K Wave, 17 July 2022 - 12:19 PM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#22 K Wave

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Posted 17 July 2022 - 12:23 PM

Europeans have pushed the PANIC BUTTON on the Euro...

 

They are out here talking about UNLIMITED BOND BUYING

 

https://finance.yahoo.com/news/ecb-bond-tool-seen-having-040000033.html 

 

This "new tool" is not new... Draggy introduced this idea in 2012 in a Euro crisis... 

 

https://www.theguard...is-mario-draghi

 

They are scared to death IMO.

 

And they should be.

I think the market is going to force BOJ to fold its hand at some point in not too distant future, and the we see what happens.

 

My long held view is that it all starts in Japan.....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#23 linrom1

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Posted 17 July 2022 - 06:41 PM

 

We need dollar back in 80's for things to cost less.

Which of the 6 crappy currencies do you suppose is going to accomplish that feat?

 

I see mostly the beginnings of LT breakouts USD / 6 crappy currencies in the monthly charts here.

 

Swiss perhaps with a shot of holding, but if USD gets a foothold above parity, then LT turns up there as well, and right now, daily chart looking more bullish than bearish....with possible explosion upside at any time....a solid break of 95 could change that view, and would likely be first sign USD might abort the launch...

 

I am being sarcastic here. Dollar is so high that one would think cost of things would go down since we import everything, but that's not the case. Inflation rate exceeds dollar appreciation.


Edited by linrom1, 17 July 2022 - 06:41 PM.


#24 Russ

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Posted 18 July 2022 - 02:47 AM

Dollar is headed down now and Gold going up...


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



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#25 CLK

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Posted 20 July 2022 - 06:06 AM

Dollar is headed down now and Gold going up...





Gold is going to 1000.