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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:

USD

Discuss USD
 
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 1, 2010 13:57
it amazes me how ANY poor U.S. Data is immediately forgiven as "weather-related". Folks just DON;T get it, there AINT no recovery. But Mr. and Mrs. Jones MUST be deceived into thinking things are improving, hence the "weather-related" sham to get them to pour their hard-earned coin into the Ponzi-Scheme House-Of-Cards U.S. stock market.

WEATHER-RELATED. In the summer will they say it was "too hot and humid"?
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 1, 2010 13:47
@mont-were they saying that in the 90s when you could have had Gold for $250 an ounce ALL decade?

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.
bojan
Arizona, United States
Posts: 111
14 years ago
Mar 1, 2010 13:35
Warren Buffett answered my question;

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.

montmorency
Abingdon, UK
Posts: 610
14 years ago
Mar 1, 2010 0:32
Agree that deflation is the immediate problem, not inflation.

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.
juno1
UK
Posted Anonymously
14 years ago
Feb 28, 2010 19:32
Hi Ashraf,
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
said
mulhouse, France
Posts: 2822
14 years ago
Feb 28, 2010 17:14
ASHRAF

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
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 28, 2010 17:09
There are plenty of talks of Chinese RMB appreciation vs the USD. What's are the different instruments anyone can recommend that allows buying into the RMB against the USD for foreigners?
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Feb 28, 2010 0:23
bojan, glad you took advantage of eurusd and audnzd. as for USD gaining regardless of circumstances, you probably remember when i said many times on this site and twitter that the falling USDX-stocks correlations MEANS that it was BEST OF BOTH WORLDS for USD.

juno, going long USDCAD at 1.0560s sounds good. planty more attempts towards 1.0680s and eventually 1.08.

Ashraf
juno1
UK
Posts: 52
14 years ago
Feb 26, 2010 18:30
Hi 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
raulin
london, UK
Posts: 65
14 years ago
Feb 26, 2010 16:23
USDX looks like rolling over on dailies strong divergence on MACD suggesting top note important support on trendlins and bearish engulfing candle http://chart.ly/t6sgay