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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
WEATHER-RELATED. In the summer will they say it was "too hot and humid"?
It amazes me how many GOLDBUGS there are now. Not that I am long term bearish on Gold, but where were these fools at $250/$900. They were laughing at Gold and buying their precious equities and real estate.
if have to change all his USD into some other currency, what would he change it to;
CHF
Warren's logic; that is the currency where you would loose the least.
b.
However, I have seen commentators (who admittedly may be goldbugs) say that gold is a good thing to hold in both deflationary as well as inflationary times. It's the ultimate safe haven.
Thankyou for your prompt reply. My rationale is that i see deflation as a problem first before inflation takes hold and as such I have been short silver since $18.59 looking for $12 region and possibly lower, ($8 region) , in which case the flight to safety will push the usd higher by year end. Hopefully.
Not very good at timing entry and exiting on the short term basis, tend to look slightly longer term.
If we get one more leg up on the Dollar I shall exit and wait for a correction, if there is one. Not very technical but are we entering 5th wave up and then possibly a 3 wave pullback, I have been reading quite a bit into elliott theory, find it very interesting indeed, but trying to fathom waves can be daunting at times.
This forum is the best I have come across and your analysis likewise, including all the other posters.
Juno1
u gave a level of 1.0680 and eventually 1.08. Does it mean that the asset class arbitrage wont be in favor of OIL? and in that case GLD will face little resistance at 1030 level?
thansk
juno, going long USDCAD at 1.0560s sounds good. planty more attempts towards 1.0680s and eventually 1.08.
Ashraf
Followed your call on Aud/Nzd, tahnkyou. As you say I am in for the long haul as i see plenty of downside looking at the last 3 years charts.
I too feel that usd has plenty of upside as 2010 could be a shocker for equities, given that canada seems to be robust at the moment, providing commodities hold up which as you say gold is looking for 1020 , I have gone long on usd/cad at 10564. Could be I am premature , Any thoughts?
Once again thanks for the heads up on Aud/Nzd.
Juno1