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Posts by "speculator"
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Posts by Anonymous "speculator":
based on elliot wave theory which i can proove is very reliable based on passed reports, the dollar should run a 12 month+ bull whilst gold will collapse. i think the dollars main strength will come from the yen, pound and possibly euro. the dollar is about to be re-born and surprise the majority!
http://www.reuters.com/article/europeanCurrencyNews/idUSN0223155020091002
sterling (shorts increased), canadian and swiss net long positions trimmed vs dollar recently.
dollar to bounce? i think so!
Some believe house prices in uk have just had a summer bounce which will not last. The fate of the pound will to some extent rely on housing market which is related to UK banks.
We are still expensive on cable based on PPP byabout 7% so if there is a run expect at least 12-20%decline from here into 2010.
My expectations of the dollar to have bottomed out for now and have a rally will help cable revert towards its PPP as also risk starts to be also taken off the table by major fund managers in q4