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US Dollar
- Thread starter TM1982
- Start date
Quote from Rtrader2525:
You're bearish gold if I remember right Papa?
Not bearish gold, just have debated in the past that gold is an overcrowded trade and I personally thought there were better stores of wealth than a hunk of metal. But that really has nothing to do with speculative trading, just another topic.
I still hate gold too, not as a trade, just as a physical ownership item.
Any kind of numbers guess is a waste of time. Just like trying to predict the over/under in a football game. It can't be done with any kind of accuracy.
I want to see what bombing Iran within the next year is going to do to the dollar. This is the next major event to impact the world economy. Government is already preparing the public for an attack.
Get your popcorn ready, folks. All I know is nothing good is going to happen here anytime soon with the NWO in charge of everything. We're all little guinea pigs to the power brokers controlling us.
I want to see what bombing Iran within the next year is going to do to the dollar. This is the next major event to impact the world economy. Government is already preparing the public for an attack.
Get your popcorn ready, folks. All I know is nothing good is going to happen here anytime soon with the NWO in charge of everything. We're all little guinea pigs to the power brokers controlling us.
Quote from TM1982:
So you think it will bounce to 83 huh at year end? Is that because of the market correction that is coming very shortly? Dollar should bounce when that happens.
Combo of partly having expectations of an equity market correction of some sort, coupled with the dynamical fact that the short-dollar trade is one of the most heavily speculative fav's going right now; short dollar/long commods and equities.
I also believe that foreign holders of dollars, TO SOME EXTENT, do not want to just watch their dollar holdings keep dying a little everyday and at some point may singly or collectively try to support the dollar.
It is funny to me that we are still 7% higher than the lows from last year, yet the panick is as if this is an all time low/multi-decade low.
Quote from WallStWhizKid:
Any kind of numbers guess is a waste of time. Just like trying to predict the over/under in a football game. It can't be done with any kind of accuracy.
I want to see what bombing Iran within the next year is going to do to the dollar. This is the next major event to impact the world economy. Government is already preparing the public for an attack.
Get your popcorn ready, folks. All I know is nothing good is going to happen here anytime soon with the NWO in charge of everything. We're all little guinea pigs to the power brokers controlling us.
So would you be converting your USD right now? And to what?
Quote from PAPA ROACH:
Combo of partly having expectations of an equity market correction of some sort, coupled with the dynamical fact that the short-dollar trade is one of the most heavily speculative fav's going right now; short dollar/long commods and equities.
I also believe that foreign holders of dollars, TO SOME EXTENT, do not want to just watch their dollar holdings keep dying a little everyday and at some point may singly or collectively try to support the dollar.
It is funny to me that we are still 7% higher than the lows from last year, yet the panick is as if this is an all time low/multi-decade low.
Foreign holders are exiting USD positions though aren't they?
Quote from kashirin:
I mean in my opinion they are on the same level as US
ANd I don't really see how with 70$ oil C$ could be higher than 1:1
Government runs huge deficits, bank of Canada constantly wants to start QE
in the same time real estate bubble currently probably worse than in US and will probably pop in 1-2 years and canadian government explicitly guaranties majority of loans
and by the way current head of Bank of Canada - former goldman employee which doesn't give any optimism either
I must correct you on a few points....
Higher oil = higher CAD. If you think oil will rise, so will CAD.
Government is in deficit this year for first time in quite a while. And even this deficit is not excessive.
Bank of Canada has explicitly stated they will NOT intervene to bring down the Loonie, although they would like to see it happen.
There is no real estate bubble in Canada. Many places never even saw significant depreciation during the past couple of years. Someone who watches the Canadian economy closely (as I do), knows that housing values will not plummet because we do not have huge inventories due to conservatism on the part of the banks when giving out mortgages... no sub prime crises here...
Sorry I had to refute all of your points...
Quote from Kassz007:
I must correct you on a few points....
Higher oil = higher CAD. If you think oil will rise, so will CAD.
Government is in deficit this year for first time in quite a while. And even this deficit is not excessive.
Bank of Canada has explicitly stated they will NOT intervene to bring down the Loonie, although they would like to see it happen.
There is no real estate bubble in Canada. Many places never even saw significant depreciation during the past couple of years. Someone who watches the Canadian economy closely (as I do), knows that housing values will not plummet because we do not have huge inventories due to conservatism on the part of the banks when giving out mortgages... no sub prime crises here...
Sorry I had to refute all of your points...
I noticed you overly optimistic
probably permabull who never takes profits
deficit is really huge. what country saved for 10 years is spent just in one year and no end in sight for this deficits
Canada will repay for this recession at least 50 years if C$ doesn't collapse with US$
add provincial deficits which is comparable in Ontario to the government and the budget situation probably worse than in states
And yes, bank of Canada will not intervene directly - they just will print dollars which might just crash C$ like it happened to GBP
And yes, there is a huge real estate bubble with RE prices 50% higher than in US during their peak. and prices are 5-10 incomes
And yes, canadian banks are not conservative at all as all loans are insured by the government
and yes there is massive fraud happens right now in RE comparable to NINJA fiasco in states as a lot of people just provide false income information and banks don't check it as all is insured by the government and they don't really care
when the bubble pops it's gonna be much uglier than in states