Stairway to Hell
Justacommeman
Posts: 22,847 ✭✭✭✭✭
But it's going to bounce : )
It barely fits on the page now
Anyways, I'm sure everything is fine..............MJ
It barely fits on the page now
Anyways, I'm sure everything is fine..............MJ
Walker Proof Digital Album
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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Comments
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>change it to weekly >>
Weakly chart
Three year chart. It looks like my .74 call might safe. There should be a bounce there.....then I still think .72 is in the cards...............MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Dollar is zeroing in on a 3 yr cycle bottom which is due in spring 2011. I think a retest in the 70-72 range would be in order.
The previous low of 70.81 will be strongly defended should we get there. The dollar is headed into the 60's over time. Maybe
not this year, but probably next.
roadrunner
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Especially the chorus.
<< <i>.63 has been my long term target. Maybe Fall 2012? Yes, .70 will be defended vigourlessly. However, sadly and ironically it will be defended by traders and not the Fed...................MJ >>
There will be riots in the streets at 63.
How on earth a standing president could get re-elected in our current economic climate is beyond my comprehension.
<< <i>But it's going to bounce : )
It barely fits on the page now
Anyways, I'm sure everything is fine..............MJ >>
Does the volitility of the past few days surprise you? worry you? mean nothing to you?
say gold or oil, then the USDX would still be at .74. The number would look "solid" but reality would be quite different. It's sort of like saying what the odds are
surviving a jump from 10,000 without a parachute? And if 2 people jump together, does it matter if J6Pa hits the ground a second before J6Pb? All through that fall
"b" is looking darn good with respect to "a" and is quite enthusiastic about their good fortune.
roadrunner
<< <i>
<< <i>But it's going to bounce : )
It barely fits on the page now
Anyways, I'm sure everything is fine..............MJ >>
Does the volitility of the past few days surprise you? worry you? mean nothing to you? >>
The relative strenth of the Euro sursprises me somewhat. The Swiss, Yen, Cando and Aussie dollar I expect. Or maybe the Dollar is just winning an ulgy contest against the Euro? Concerned? Somewhat....................MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
<< <i>.63 has been my long term target. Maybe Fall 2012? Yes, .70 will be defended vigourlessly. However, sadly and ironically it will be defended by traders and not the Fed...................MJ >>
There will be riots in the streets at 63.
How on earth a standing president could get re-elected in our current economic climate is beyond my comprehension. >>
At 70 and 63, what does that translate into PM's?!! I think it's all exponential at those levels.
<< <i>
<< <i>
<< <i>.63 has been my long term target. Maybe Fall 2012? Yes, .70 will be defended vigourlessly. However, sadly and ironically it will be defended by traders and not the Fed...................MJ >>
There will be riots in the streets at 63.
How on earth a standing president could get re-elected in our current economic climate is beyond my comprehension. >>
At 70 and 63, what does that translate into PM's?!! I think it's all exponential at those levels. >>
If silver and gold ever hope to get to the lofty numbers that some expect then the dollar will have to fall to those levels I think.............MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
<< <i>
<< <i>
<< <i>.63 has been my long term target. Maybe Fall 2012? Yes, .70 will be defended vigourlessly. However, sadly and ironically it will be defended by traders and not the Fed...................MJ >>
There will be riots in the streets at 63.
How on earth a standing president could get re-elected in our current economic climate is beyond my comprehension. >>
At 70 and 63, what does that translate into PM's?!! I think it's all exponential at those levels. >>
If silver and gold ever hope to get to the lofty numbers that some expect then the dollar will have to fall to those levels I think.............MJ >>
I'm pretty sure Jim Sinclair was (?is) calling for 0.52. I haven't checked in a while. Maybe RR could refresh us here.
<< <i>
<< <i>.63 has been my long term target. Maybe Fall 2012? Yes, .70 will be defended vigourlessly. However, sadly and ironically it will be defended by traders and not the Fed...................MJ >>
There will be riots in the streets at 63.
How on earth a standing president could get re-elected in our current economic climate is beyond my comprehension. >>
Why?
In 2002 the dollar index was at 1.20. If I said it was going to 80 in 3 years--a 33% drop---would you have said there would be riots? Well the dollar did drop and as I remember the period from 2002 to 2005 was quite giddy both socially and economically.
Is it possible that the dollar just enjoyed a long period of overvaluation? Wasnt it great to travel all over the world and perceive most everything as cheap? Now the rest of the world can come here and see the US as cheap. Super!!! Let them come here and buy our homes (and problems). The place I stayed at in the Keys last week was full of Germans, Dutch and Russians. This is awesome. Let them come here and spend their currency that is now enjoying a period of overvaluation.
The dollar is not going to zero. It will not be worthless. It is not the end of the world.
However, to your notion, riots often lead to a greater good. Maybe we need riots?
Knowledge is the enemy of fear
that didn't pan out from a technical view (it bounced in late November for several months). But against gold, the dollar has been in a tailspin for nearly 2-1/2 yrs.
I think the .6's as well as the .5's will eventually be reached. It's not out of the question that we see .65 to .69 on this current down cycle into June as the dollar completes a 3 year
cycle. Another 7% down in the dollar from here could equate to another 10-14% or so in gold....or about $1650-$1700....fairly well in line with Sinclair's orig call for $1650 this year.
And even at .63 USDX there will not be mass riots all over the country. Things will just cost a bit more all around on the energy, food, and PM's side.
roadrunner
<< <i>
The relative strenth of the Euro sursprises me somewhat. The Swiss, Yen, Cando and Aussie dollar I expect. Or maybe the Dollar is just winning an ulgy contest against the Euro? Concerned? Somewhat....................MJ >>
The Euro has Germany's practical economic policy mandates behind it. The US Dollar has nothing but knuckleheaded failures aka Fed Chairman, Treasurer, President, trying to dictate policy.
<< <i>
<< <i>
<< <i>.63 has been my long term target. Maybe Fall 2012? Yes, .70 will be defended vigourlessly. However, sadly and ironically it will be defended by traders and not the Fed...................MJ >>
There will be riots in the streets at 63.
How on earth a standing president could get re-elected in our current economic climate is beyond my comprehension. >>
Why?
In 2002 the dollar index was at 1.20. If I said it was going to 80 in 3 years--a 33% drop---would you have said there would be riots? Well the dollar did drop and as I remember the period from 2002 to 2005 was quite giddy both socially and economically.
Is it possible that the dollar just enjoyed a long period of overvaluation? Wasnt it great to travel all over the world and perceive most everything as cheap? Now the rest of the world can come here and see the US as cheap. Super!!! Let them come here and buy our homes (and problems). The place I stayed at in the Keys last week was full of Germans, Dutch and Russians. This is awesome. Let them come here and spend their currency that is now enjoying a period of overvaluation.
The dollar is not going to zero. It will not be worthless. It is not the end of the world.
However, to your notion, riots often lead to a greater good. Maybe we need riots? >>
You're confusing sound and vibrant economic policy of the past with "overvaluation". We have abandoned all sound fiscal principles. Things are getting worse, not better. The price of gold and silver are shouting this, but for some reason, people can't process that message.
<< <i>
<< <i>
The relative strenth of the Euro sursprises me somewhat. The Swiss, Yen, Cando and Aussie dollar I expect. Or maybe the Dollar is just winning an ulgy contest against the Euro? Concerned? Somewhat....................MJ >>
The Euro has Germany's practical economic policy mandates behind it. The US Dollar has nothing but knuckleheaded failures aka Fed Chairman, Treasurer, President, trying to dictate policy. >>
True, but you do have a lot of dead weight in the Euro zone as well. You have the Neuro (nothern) and the Zero (southern europe) states. If the German Mark was a singular currency it would no doubt be the strongest currency on the planet. By a lot. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
<< <i>
<< <i>
<< <i>.63 has been my long term target. Maybe Fall 2012? Yes, .70 will be defended vigourlessly. However, sadly and ironically it will be defended by traders and not the Fed...................MJ >>
There will be riots in the streets at 63.
How on earth a standing president could get re-elected in our current economic climate is beyond my comprehension. >>
Why?
In 2002 the dollar index was at 1.20. If I said it was going to 80 in 3 years--a 33% drop---would you have said there would be riots? Well the dollar did drop and as I remember the period from 2002 to 2005 was quite giddy both socially and economically.
Is it possible that the dollar just enjoyed a long period of overvaluation? Wasnt it great to travel all over the world and perceive most everything as cheap? Now the rest of the world can come here and see the US as cheap. Super!!! Let them come here and buy our homes (and problems). The place I stayed at in the Keys last week was full of Germans, Dutch and Russians. This is awesome. Let them come here and spend their currency that is now enjoying a period of overvaluation.
The dollar is not going to zero. It will not be worthless. It is not the end of the world.
However, to your notion, riots often lead to a greater good. Maybe we need riots? >>
You're confusing sound and vibrant economic policy of the past with "overvaluation". We have abandoned all sound fiscal principles. Things are getting worse, not better. The price of gold and silver are shouting this, but for some reason, people can't process that message. >>
Personally, I believe people are confusing a parabolic rise in silver as a sign of disaster. The "sound and vibrant" economic policy that you refer to has only led to decades and decades of uninterrupted inflation. Things will not get "better" as "better" was unsustainable. See my post in the gold/silver/econ thread. The economy we enjoyed for the last 30 years was based upon excess fueled by a huge demographic bulge that "contributed" to growth. That bulge will now "take" from the economy. The economy is not going to hell, but rather returning to a more sustainable rate.
When one lives vicariously for such a long time, a change to responsibility feels like a jail sentence. Will Americans have the will to impose this jail sentence on our politicians?
I imagine the Europeans were saying and thinking the same 90-100 years ago about the rise of the USA as we think today of the rise of China. But alas, Europeans live better today than 100 years ago, and Americans will live better 100 years from now.
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>But it's going to bounce : )
It barely fits on the page now
Anyways, I'm sure everything is fine..............MJ >>
Does the volitility of the past few days surprise you? worry you? mean nothing to you? >>
The relative strenth of the Euro sursprises me somewhat. The Swiss, Yen, Cando and Aussie dollar I expect. Or maybe the Dollar is just winning an ulgy contest against the Euro? Concerned? Somewhat....................MJ >>
Come on MJ, you know whats going on here. This is a coordinated effort to keep the dollar weak. Since the dollar is the global reserve currency and the world needs inflation, they must apply pressure to the dollar to keep the global economic ball rolling. And they must continue to do this until the emerging markets are strong enough to stand on their own and replace the consuming power of the aging developed countries. Im concerned also--will they be able to keep the dollar weak in the face of rising austerity pressure in the USA?
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>
<< <i>But it's going to bounce : )
It barely fits on the page now
Anyways, I'm sure everything is fine..............MJ >>
Does the volitility of the past few days surprise you? worry you? mean nothing to you? >>
The relative strenth of the Euro sursprises me somewhat. The Swiss, Yen, Cando and Aussie dollar I expect. Or maybe the Dollar is just winning an ulgy contest against the Euro? Concerned? Somewhat....................MJ >>
Come on MJ, you know whats going on here. This is a coordinated effort to keep the dollar weak. Since the dollar is the global reserve currency and the world needs inflation, they must apply pressure to the dollar to keep the global economic ball rolling. And they must continue to do this until the emerging markets are strong enough to stand on their own and replace the consuming power of the aging developed countries. Im concerned also--will they be able to keep the dollar weak in the face of rising austerity pressure in the USA? >>
Certainly plausible Dave............The dollar is weak because it is weak OR the dollar is weak because the Fed wants it weak. Or a little bit of both. Either way, it's what I planned for.
Enjoy your Easter my friend. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......