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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
I agree but you forgot wheat, rice, sugar and the safe heaven Gold. The agricultural countries will be the safe heaven 10 years from now . All these analysts share with us only a very short term view with us and brainwash us. Ashraf is a bit different and he may be right as a dollar bull for next few years and as small traders we dont need to have in our focus the macro out look, but still we must know the facts and fact is that euro is going down for now.
Greece will have its toll on euro and i am for seeing 1.21 soon and may be lower but still i am already putting on strategies to go long euro with minimal risks. Sooner or later we will see a good rebound as nothing goes down forever 1.23 i see as a good point to buy.
Do our long term strategist change there economic policies with every change in trend, I dont think so. Euro will resume its uptrend and we all will be happily buying euro soon and will forget what happened with euro.