Dollar index below 95

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CaptHenway
CaptHenway Posts: 34,168 ✭✭✭✭✭
in Precious Metals
Off two full points in last two days.

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Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.

Comments

  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    Not surprising, considering the One Year Chart, is it?

    Liberty: Parent of Science & Industry

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    still the prettiest pig in the ugly pig contest.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    << <i>still the prettiest pig in the ugly pig contest. >>



    That is indeed how some people view their currency, their country, and maybe people and the world in general, who knows anymore.

    How's the weather?

    Liberty: Parent of Science & Industry

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    << <i>

    << <i>still the prettiest pig in the ugly pig contest. >>



    That is indeed how some people view their currency, their country, and maybe people and the world in general, who knows anymore.

    How's the weather? >>


    There you go again, promoting criticism of those who run things as being the same as criticism of what they are running. Critics might just be the true patriots. Seems they were throughout our long history. You really need to separate criticism from patriotism; it stinks of McCarthyism.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    Just going by what you wrote about the pigs. it sounded kind of negative ? wouldn't a slightly weaker dollar help US business exports?

    Liberty: Parent of Science & Industry

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    << <i>still the prettiest pig in the ugly pig contest. >>



    Is gold the ugliest ? image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • PerryHall
    PerryHall Posts: 47,755 ✭✭✭✭✭
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    << <i>Just going by what you wrote about the pigs. it sounded kind of negative ? wouldn't a slightly weaker dollar help US business exports? >>



    Wouldn't it also make imports more expensive for American consumers?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    << <i>

    << <i>still the prettiest pig in the ugly pig contest. >>



    Is gold the ugliest ? image >>


    Just about ugly enough to buy. In the long run gold always wins a currency war.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    << <i>

    << <i>Just going by what you wrote about the pigs. it sounded kind of negative ? wouldn't a slightly weaker dollar help US business exports? >>



    Wouldn't it also make imports more expensive for American consumers? >>



    It may do that as well. Is that a "good thing" or a "bad thing"?

    I dunno. Just keeping the patter going. Hard to tell if we really think a thing, or am just saying it to get some readers to buy some metal?

    Am I buying my metal locally or am I buying foreign made metal?

    And do They take ugly pigs in payment?

    Liberty: Parent of Science & Industry

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    Thanks for posting this Capt and for derryb's comment. It got the wheels clicking and I got an interesting thought. And once this bottle of port works through my system ill post my findings. Its good stuff, at least I think so, and I believe the PM bugs will as well.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    I suspect we are getting indication that 2015 will end a lot different than it started. I still believe metals will experience some some further decline before they show any real promise.

    I also think the FED is finding themselves in a pickle about their desire to raise rates. Might even result in more new money.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • OperationButter
    OperationButter Posts: 1,672 ✭✭✭
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    << <i>I suspect we are getting indication that 2015 will end a lot different than it started. I still believe metals will experience some some further decline before they show any real promise.

    I also think the FED is finding themselves in a pickle about their desire to raise rates. Might even result in more new money. >>



    How far down do you think it will move. Im thinking we wont see sub $14 this year.

    Rickards predicted last year that not only would the FED not raise rates in 2015 but we could see QE4 by Q4 2015.
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    << <i>How far down do you think it will move. Im thinking we wont see sub $14 this year.

    Rickards predicted last year that not only would the FED not raise rates in 2015 but we could see QE4 by Q4 2015. >>


    I'm buying small quantities of ASEs but am holding back from buying another box until $14.50. Will I see it? Your guess is as good as mine. Markets are about to become very unpredictable as fear takes center stage.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    Might even result in more new money.

    May we all get some of it! image

    Liberty: Parent of Science & Industry

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    << <i>Might even result in more new money.

    May we all get some of it! image >>


    I believe the FED finally realizes that in order to stimulate spending the money needs to get into the spenders' hands. Besides, the bankers' pockets are already overflowing.

    Years ago the taxpayers all got a stimulus check which of course, was taxable income. i spent my share of the $300 on (drumroll) metals.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    I got no check

    Liberty: Parent of Science & Industry

  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    << <i>I got no check >>


    Went to those who paid their taxes. image

    Economic stimulus act of 2008 So that's what started financial crisis.

    Unclaimed checks

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

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