Dollar Direction ^ V or >

[mayday]

We need a thread that predicts dollar movement to help in determining our moves in the I fund. I'll start with this quote from Paul Van Eeden about the dollar. { The dollar is a floating abstraction created by a bankrupt government supported only by legislation and the confidence of a brainwashed population.}

[mayday]

The Fed wants a strong dollar. This tends to push inflation down. The Fed is more concerned about inflation than weakness in the economy.

[mayday]

China just raised thier intrest rate. When we raise our intrest rate the dollar falls. So China whats to make their currency fall. A falling currency tends to push inflation up.

[James48843]

I hate waking up to headlines like this:

China shares tumble as panic spreads

Last night I went to bed at 1:30 am, with China down a little over 4 percent, but all the other Asian markets showing green.

This morning I wake up and Europe is all red.

Hmmm....

[mayday]

I hate waking up to headlines like this:

China shares tumble as panic spreads

Last night I went to bed at 1:30 am, with China down a little over 4 percent, but all the other Asian markets showing green.

This morning I wake up and Europe is all red.

Hmmm....

China has an economy thats hot middle income class is growing fast they want to invest as well as buy everything in sight.

[mayday]

Dollar v .22 {.27%} Gold ^ $1.70

[mayday]

The dollar should be headed down soon gold is on the rise.

[FundSurfer]

It looks to me as if the dollar is beginning to trend upward. We may be somewhat overbought right now meaning we could be in for a slight drop. However, I think the drops will not be as big as they have been.

[mayday]

It looks to me as if the dollar is beginning to trend upward. We may be somewhat overbought right now meaning we could be in for a slight drop. However, I think the drops will not be as big as they have been.

I noticed that today gold down almost $6.00 a ounce dollar headed up.

[350zCommTech]

I noticed that today gold down almost $6.00 a ounce dollar headed up.

I think the dollar is up because yields are up.

Anyway, what do you thing gold is going to do tomorrow? I think down.

[mayday]

I think the dollar is up because yields are up.

Anyway, what do you thing gold is going to do tomorrow? I think down.

I think the dollar is headed up.

[mayday]

I think the dollar is headed up.

Roughly for every .10 move on the dollar gold moves $2.00 in the opposite direction. Gold is headed for a test of $640.00