I'm not currently short the dollar. However I do enter both sides of the trade sometimes 5 or 6 times during a session. Fundamentally I am waiting for the technicals to turn on the dollar as the rally has been quite overbought on the USD side. The fastest move I've seen in any currency in 2 months is this Dollar rally!
I'm on board with you guys for the most part, excuse my igorance, but why is the dollar at a 2 year high against the pound? Is this just more volatility or what. Oil way down, relatively speaking. Isn't that the opposite of a weak dollar? Thanx for any input.
Hey its not ignorance you speak of; its pure astonishment that the dollar can be at any kind of high with the shit goin on in the US. Thanks for crackin with us. peace, wwe
Just one day later the market lost most of those GDP gains. Though tomorrow will probably be happy times again; oil is down $4 on a weak Gustav.
I think the Dow will eventually test and probably break through key support near 7500.
At this time, yes we could still have a big rally, but after that we could be under 9000 in a matter of months. The bears will win in the next few years, there is no doubt in my mind.
I suspect the stock market will crash this fall between september and november. It's being manipulated big time! The reality of the fake economic statistics will be revealed. Main street will crash Wall street.
August 27th, 1929 the Stock market hit the highest plateau of that year. It was said that it would remain at that high point forever. Then the bottom fell out during the Autumn/Fall. Expect a huge September/October surprise just like the stock crash of October 23rd, 1929.
i think its just a matter of time b4 war breaks out in middle east & oil goes up up up.good time to buy gold cause when that war breaks you will see significant rise in gold again.
True "matter of time" is the key. Who knows? If the dollar rallies over the next month it might push gold into low 700's. Would you be a buyer of $700 gold? thanks for the insight proverb.
$700 Gold? Yeah I'd buy, "matter of time" is what it comes down to though, I still know it'll go up I just don't know when. I'm fundamental first technical second and nothing has changed fundamentally.
Silver is a great buy now though; It cost about $14 an ounce to mine the stuff, so anything below that is yard sale price!
Ya it seems pretty damn artificial however, It's real money to made or lost as a trader and I hate being on the USD side but it might have to be as emotions can't be involved in trading.
lol thats funny bro. hit me up and we'll do lunch
worldwideexchanges 3 years ago
And what about the 8 trillion dollar national debt ???
hbbehrendorff 3 years ago
hey wwe is ur dad mot gonna have an update soon? lol
VIRUSx17 3 years ago
if you are a technical trader, why in the world would you short the us dollar?
jrccdhetlr1 3 years ago
I'm not currently short the dollar. However I do enter both sides of the trade sometimes 5 or 6 times during a session. Fundamentally I am waiting for the technicals to turn on the dollar as the rally has been quite overbought on the USD side. The fastest move I've seen in any currency in 2 months is this Dollar rally!
worldwideexchanges 3 years ago
I'm on board with you guys for the most part, excuse my igorance, but why is the dollar at a 2 year high against the pound? Is this just more volatility or what. Oil way down, relatively speaking. Isn't that the opposite of a weak dollar? Thanx for any input.
mhurley13 3 years ago
Hey its not ignorance you speak of; its pure astonishment that the dollar can be at any kind of high with the shit goin on in the US. Thanks for crackin with us. peace, wwe
worldwideexchanges 3 years ago
GDP had a 1% inflation rate, the lowest in over 10 years. The entire number is crap.
thx for the post
visionvictory 3 years ago 5
Ya ridiculous. Let's make some cash the 2nd half of the year shorting USD and going long CHF!
worldwideexchanges 3 years ago
Just one day later the market lost most of those GDP gains. Though tomorrow will probably be happy times again; oil is down $4 on a weak Gustav.
I think the Dow will eventually test and probably break through key support near 7500.
At this time, yes we could still have a big rally, but after that we could be under 9000 in a matter of months. The bears will win in the next few years, there is no doubt in my mind.
rseveran 3 years ago 2
I suspect the stock market will crash this fall between september and november. It's being manipulated big time! The reality of the fake economic statistics will be revealed. Main street will crash Wall street.
lyradguitar 3 years ago 3
I like your call man.
worldwideexchanges 3 years ago
August 27th, 1929 the Stock market hit the highest plateau of that year. It was said that it would remain at that high point forever. Then the bottom fell out during the Autumn/Fall. Expect a huge September/October surprise just like the stock crash of October 23rd, 1929.
markymarkuss777 3 years ago 3
what broker do you use?
dbztiki 3 years ago
i think its just a matter of time b4 war breaks out in middle east & oil goes up up up.good time to buy gold cause when that war breaks you will see significant rise in gold again.
ThirdProverb 3 years ago 2
True "matter of time" is the key. Who knows? If the dollar rallies over the next month it might push gold into low 700's. Would you be a buyer of $700 gold? thanks for the insight proverb.
worldwideexchanges 3 years ago
$700 Gold? Yeah I'd buy, "matter of time" is what it comes down to though, I still know it'll go up I just don't know when. I'm fundamental first technical second and nothing has changed fundamentally.
Silver is a great buy now though; It cost about $14 an ounce to mine the stuff, so anything below that is yard sale price!
jopirg 3 years ago
its a ponzi scheme lol...and soon its gonna unravel and show its true colors...US is the next Argentina...
VIRUSx17 3 years ago
Ya it seems pretty damn artificial however, It's real money to made or lost as a trader and I hate being on the USD side but it might have to be as emotions can't be involved in trading.
worldwideexchanges 3 years ago