XJO 0.76% 7,921.3 s&p/asx 200

Mongo, Commercial short position confirms your theory. The big...

  1. 320 Posts.
    Mongo, Commercial short position confirms your theory. The big boys know that the USD is being re-valued. Obama said as much in his State of the Union - they'll worry about the budget deficit next year - that means they're going to be printing money until they get out of a jobless recovery scenario. A stagflation situation perhaps.

    But I'm interested in your thoughts on this. I was looking at the monthly chart of the USD - when it heads down below the 70 mark, into the 60's and 50's that will set up a pretty powerful positive divergence on the charts.

    IMO, as the public and fundsters are throwing away their dollars, the banksters will be raking them all into their vaults and 2011 then be the year of the dollar.

    It'll be interesting, that's for sure.
    T
 
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