Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Free
Message: Re: USDX Death Watch?
3
Nov 19, 2008 02:13PM

"As discussed earlier, the formation on the USD chart illustrates that something has to give very soon. It is either ready to make higher highs in the 90's or on the eve of a breakdown. Stay tuned"

According to Orlandini (on 11/17) a DOW of 7286 would be the next target (this month), once the 8146 support would be broken.

I would expect a lot of foreign investors to withdraw money from the US equity markets over the next week, which cannot be favourable for the dollar, unless US investors withdraw more funds on balance from foreign equity markets, which I doubt.

My bet is that the dollar will start breaking down tomorrow. But I have to add that I also started buying ECU when it was at CAD 2.60, so who cares.

Share
New Message
Please login to post a reply