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RE: US Dollar Slide Continues. By Gregory Mannarino
I really thought it would bounce before further downside, but it hasn't yet. I agree, consumers will start to feel the lack of purchasing power soon
I really thought it would bounce before further downside, but it hasn't yet. I agree, consumers will start to feel the lack of purchasing power soon
Not with me on the job. Not only will the dollar become king again soon, but you will be paying less than 1.50/gal for gasoline if you live anywhere but the state of California. People from Cali are "required" to pay a premium for EVERYTHING that the rest of the country does not have to pay. It's written in the state of Cali's govmint charter. Don't quote me on that though. Personally I think you get stupid the second you cross the Cali state line. :-)
Possibly, but I was expecting a rally in commodities first. We will see
Huh? Even physical silver has run almost 10% in 3 weeks. What do you consider a rally? And how much are you earning on your passbook savings account at the bank if 10% in one month wasn't good enough for you to even consider it a rally in silver? :-)
I've been expecting gold to move up to around 1550 soon to complete it's current Eliot Wave structure. Although, it could make another move down below 1200 first. And the dollar and gold could rise together.. I expect silver to move the same direction as gold. So silver over $20..I'm talking in a 6 month time period though, I'm not as good when it comes to short term movements
Good luck with that. In the meantime I can start a ledger for anyone else here at Greg's place who is waiting for silver $20+ and gold $1550+. Simply log in your name and next of kin you would like me to contact (with contact info) in case the next drop makes you go splat!! :O
Haha you could be right, but it's a win win for us gold bugs. we would get to buy physical metals for cheap if that happens
You forgot to ad >>> "...and besides, who cares about the time value of money when Argamegdon is almost upon us anyway? Sure, I could have used the 50% I lost in dollars by holding gold and silver to buy Weight Watcher's (WTW) menu items at a drastic discount now that JoeJustJoe is working on Oprah via the Oprah diet. But do I look like I have to lose weight?" :-) Oh, gotta go, Tessie is approaching an impotent weight loss goal now that I have her back on my Tessie diet. If I don't watch her she will jump right thru the internet and chew Greg's face off! What would you guys n gals do then? :-)