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by Ashraf Laidi
Posted: Jul 16, 2010 19:15
Comments: 37
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This thread was started in response to the Article:

Yen Draws Safe Haven Share

Yen strength is here to stay especially as the US dollar's safe-haven lustre is eroded by the worsening US data.
 
Vasya
Buburatcho, Bahamas
Posted Anonymously
12 years ago
Jul 19, 2010 13:12
"There must be someone on the other side"

Well, Actually you need Good luck most, cause those others didn't look at the chart for sure.

No matter what, Feds need and want LOWER dollar. Period.

Here is the chart for you, my friend (USDx Weekly). Was not able to attach, sorry
http://www.forexfactory.com/showpost.php?p=3883514&postcount=272897

Watch out for those targets, they are coming

as main Monthly trade for Dollar is DOWN since 2001 with the few pops on the way..


houram
Vancouver, Canada
Posts: 55
12 years ago
Jul 19, 2010 4:07
Vasya,
Good luck with your trading and investments and I am happy that you think this way. There must be someone on the other side of my trade and I am happy that there are many Dollar bears besides you.
Josh
Hong Kong
Posted Anonymously
12 years ago
Jul 18, 2010 21:26
I am just amazed on the lunacy of dollor collapsing.Since when the mkt has done what is obvious to everyone.Bears got killed in the mkt rally .THis time dollor bears will get slaughtered for sure .But as always everyone has an opinion so mkt will teach them who is the boss
Hajdar
Posted Anonymously
12 years ago
Jul 18, 2010 20:30
Vasya I agree with you 100%. Man, even the best of analysts were mistaken and will be amazed at how the dollar will get devalued.
Josh
Hong Kong
Posted Anonymously
12 years ago
Jul 18, 2010 18:21
Ok vasya well see what happens if u can break 81 in the USD i will accept that dollor may be in trouble but it wont i expect it to come up like a rocket say 110 ...that is the dollor index .If it comes please do come and say whatever u want to say with ur stats .Markets are ruled by emotions and not logic .So coming weeks lets see dollor index making fresh highs come short it baby to get squeezed
Vasya
Buburatcho, Bahamas
Posted Anonymously
12 years ago
Jul 18, 2010 14:16
And houram, you sounds like working for FED.gov,

Good luck with your profit Dollars (from Selling Gold)

You going to eat your shirt few years later.

We all know that money not actually printed, but instead Balance sheet just get expanded,

but this doesn't change the fact: Electronically printed/naturally printed, whatever.

Debt growing faster than GDP, tell me about deflation when you last time check your bills?

Property taxes? Health Insurance? Services? Food? It's maybe deflation on Capital hill, but

in reality is unemployment and consumer Inflation, at least 5-7%. And Food Cost inflation

probably anywhere near 10-15 at least.

Vasya
Buburatcho, Bahamas
Posted Anonymously
12 years ago
Jul 18, 2010 14:09
"I am shorting this market and thinking of going long USD when the green light goes on. "

Dollar already has its 7 month run.. And that was actually bear market rally.

It's over.. Check Weekly for USDx.. And yes, Dollar going to be devaluated 15-20%

When you have 60+ trillion black hole (internal + external DEBT) there is no other option.

0% interest rate for years to come, and low Dollar.
houram
Canada
Posted Anonymously
12 years ago
Jul 18, 2010 13:26
I absolutely agree with the target of below 80 for the YEN. But I also think the USD will gain against other currencies especially the EURO. In my last message about 6 weeks ago I mentioned 1.30 for Euro and many laughed at me, but we saw 1.30 2 days ago. Now I think we are reaching the top in the next coming weeks and we are going towards 1.10 for the EURO in Q4.

Why should the FED devalue the USD? What about their energy? It will be more expensive. What about their imports? It makes a greater portion of the economy and more businesses will go bankrupt, hence more jobless claims and....
And the rates are already at the bottom, how much room is there for the FED to manouver? The damage was done a few years ago and it is impossible to get out of this mess. Every day in the US there is more lay offs, more foreclosures, more bank defaults, less consumer spending, these are all signs of deflation to me. Inflation requires growth, more lending, less jobless claims..... For those who still think there is a chance of inflation I don't agree, just look at the facts and you will see that we are heading towards deflation. And also think of printing money. How does that happen and how does the printed money gets into your pocket? It is the electronic money that makes the big portion of the dollars. It gets into your account when you borrow money to buy a house, or when your company borrows money for their new project and many more cases. What happens when they default on their payments?

Gold ..... If you ask the guy at the bank counter they tell you to buy gold and that is the most abvious sign for me to sell my gold (which I did with over 30% gain). We may have already seen the top or are very near it.

Yes money has no way to go but into the stock market, into the pockets of the big guys, you can buy their shares and they will buy back their shares much cheaper when you get frustrated holding them. I am shorting this market and thinking of going long USD when the green light goes on.
Josh
Hong Kong
Posted Anonymously
12 years ago
Jul 18, 2010 12:10
Btw vasya inflation has always been cyclical we already had inflation .It almost goes back to 1700 .The crowds leverage and deleverage.You say it is inflation can u please explain CPI and M3 drop or the dollor rally .So let time decide who is right .Deflation is obvious now .U can ask Ben to print more will they do a QE.U say eiro is safe what was 1 trillion package wasnt that QE .Europe is about to break up .
Vasya
Buburatcho, Bahamas
Posted Anonymously
12 years ago
Jul 17, 2010 16:38
"I got a sense very well it will go to 1.000. "

Godly, FEDs have only 2 options to somewhat reduce US DEBT.

1) Grow out of Debt (As we all know, this one will not be available until at least 2012)

2) Inflate the Debt by debasing US currency.

USD will be devaluated to any currency by say 20% this way FEDs will

kill 2 rabbits at ones.

1) make US made goods cheaper boosting US Corp revenues possibly adding jobs..

2) lower relative US Debt value, at expense of US World-wide Treasuries holders.

Why you think US so angry at Chinese for keeping thier Yuan in ties with US Dollar?

Cause they want to devaluate the Dollar against Yuan as well, as Chinese the biggest

US Debt Holder..

You not going to see EUR at 1.15 or something like that.. This is an absurd..

USD broke down already and now going back to LOW 70 on the Index.

Watch and learn.