If OIL $1000 and Uranium $20000 didn't scare you, this one should....
http://financialsens.../2007/1029.html
Edited by NAV, 30 October 2007 - 10:56 PM.
Posted 30 October 2007 - 10:55 PM
Edited by NAV, 30 October 2007 - 10:56 PM.
Posted 30 October 2007 - 11:15 PM
Posted 30 October 2007 - 11:18 PM
Posted 30 October 2007 - 11:34 PM
Posted 30 October 2007 - 11:41 PM
we been robbed hb of that there is no doubtI'm wondering if enough American's will ever stand up and protest the actions of the Fed and Gummint.
After all, if the $USD declines to 40, all of us will have lost 50% of our buying power.... same as if we'd been robbed!
Posted 31 October 2007 - 01:59 AM
I'm wondering if enough American's will ever stand up and protest the actions of the Fed and Gummint.
After all, if the $USD declines to 40, all of us will have lost 50% of our buying power.... same as if we'd been robbed!
Posted 31 October 2007 - 02:22 AM
Posted 31 October 2007 - 05:38 AM
Let me ask you folks a simple question. Dollar index rallied nearly 50% from 1993 bottom to 2002. That surely wasn't a goverment or Fed robbery. If today we call this slide in dollar as robbery, then it must have been money in pocket in a hidden way during that era. Yet America went on one of the greatest credit binges in history, during that time.
So the bottomline - Dollar goes up, folks borrow and blame the government ; Dollar goes down, folks borrow and blame the government. It's not the dollar that's the problem. It's the gigantic debt that the baby boomers have acquired over the last 25 years which is the problem. And you can bet your last dollar that the goverment will sacrifice the dollar to prevent that mountain load of debt from imploding. Well, even if the dollar rallies here, it's not gonna solve the debt problem. The debt strapped folks will implode even more miserably, if dollar becomes dearer.
Financial planning 101 - Keep yourself out of debt. Anything else is financially irresponsible.
Posted 31 October 2007 - 06:33 AM
Posted 31 October 2007 - 07:17 AM
The US dollar has now dropped to the bottom of its parallel down-channel for price action since the October 2006 high. The dollar being oversold (and way under-loved--bearish sentiment is at an extreme) and bullish divergences I would think it's going to be very difficult to sell the dollar any further. It won't take much of a rally now to break its uptrend line. I checked out the Commitment of Traders (COT) report on the euro and it shows a very large difference between the commercials (smart money) who are net short the euro (bullish the dollar) while non-commercials are very long the euro (nearly 3:1) meaning bearish the dollar. It doesn't usually pay to bet against the commercials.
Regards,