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Cheap dollars are sowing the seeds of the next world crisis

Anything related to investing, including crypto

MJ DeMarco

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China is now more worried about America inflating away its debts than about those debts being exposed to currency risk.

Sad, China is more worried about American inflating away its debts than America is.
 

GlobalWealth

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Sad, China is more worried about American inflating away its debts than America is.

of course they are. they own more of the US than we do.
 

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Best to invest in tangible assets now...gold, oil, copper, etc. Have you seen natural gas lately?


Natgas has had a run for the past few days, but there are still major supply issues (too much) with natgas. But the current price is about at the production cost and below production cost for some producers so I dont see how it can go much lower without the world freezing this winter.
 

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natural gas pricing historically runs 1:6 vs oil. (edt: recently was 1:25)

recent shut ins (lingo for stopping production) has artificially decreased inventory. As a long term commodity investor, I prefer consumer demand to deplete normal levels of production inventory.

that said, I am "betting the farm" on gas. my belief is that the first cold wave in the northeast/midwest is going to drive demand beyond inventory's comfort level and speculation will over shoot the means
 
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HenkHolland

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This is why I'm buying silver. Gold cost too much for my budget but I can also invest in gold stocks too.
Elliott Wave guru Robert Prechter is expecting a period of deflation. He foresees precious metals to drop approx. 50% in price from where they are now during the next years.
 
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ramy98

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I agree; we are headed towards a global currency crises of biblical proportion.
 

Sparlin

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The first nine minutes of the 10/16/2009 video gives a good explanation of what has happened to the dollar. It becomes political/ religious (warning) after that point, but the info. raises some questions about what's going on in the world and underscores globalization.

The Hal Lindsey Report
 

MJ DeMarco

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Anyone watching the currency markets today on this US holiday? The dollar is making a strong rally and many of the major currencies are getting hammered, all because of financial uncertainty disclosed (coincidentally) today in Dubai.
 
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Anyone watching the currency markets today on this US holiday? The dollar is making a strong rally and many of the major currencies are getting hammered, all because of financial uncertainty disclosed (coincidentally) today in Dubai.

yep, switched my forex from euro to dollar yesterday. missed the peak, but still made money
 

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Anyone watching the currency markets today on this US holiday? The dollar is making a strong rally and many of the major currencies are getting hammered, all because of financial uncertainty disclosed (coincidentally) today in Dubai.

Interesting to see this reported just this morning.... I knew of a tremendous economic slowdown in Dubai, but never saw this coming. Rating agencies considering "default" label and that will drive the stake in deep.

Methinks more dominos to fall. Time for many of leveraged countries to pay the piper and the dollar will be beneficiary.

Problem for you forex traders is not to be stuck on a trade against the dollar when something catastrophic happens.

THere's still a huge disconnect with the US$ declining all the while bonds, equities and commodities rally.... it's a mine field.
 

Cat Man Du

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Anyone watching the currency markets today on this US holiday? The dollar is making a strong rally and many of the major currencies are getting hammered, all because of financial uncertainty disclosed (coincidentally) today in Dubai.

It's comming !!!:coffee:
 
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MJ DeMarco

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Tomorrow is "Black Friday" and it just might be "Black Friday" for the markets too ... we could have a big sell off to the tune of 3%.
 

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Tomorrow is "Black Friday" and it just might be "Black Friday" for the markets too ... we could have a big sell off to the tune of 3%.

Yep that could very well happen... here in Australia the All Ords (our equivalent of the DJIA) fell 2.76% for the day. $38b of market cap was wiped off in today's trade.
 

MJ DeMarco

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Tomorrow is "Black Friday" and it just might be "Black Friday" for the markets too ... we could have a big sell off to the tune of 3%.

I'm using the opportunity to buy ... I sold my AUD positions X 2 at nice gains earlier this week ... time to get back in! My favorite trade this year has been dollar short, AUD long! Might even pick up so GOLD depending on the chart and how much it goes down.
 
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GlobalWealth

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I have been selling puts on GLD, FCX and SKF today.
 

CarrieW

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I was out of the market yesterday... had to do turkey day thing... wish I had been watching and trading now. I figured with the us banks closed nothing too exciting would happen.

Market is going to be closed for the weekend soon I wonder what the opening gaps are gonna look like sunday night.
 

MJ DeMarco

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kurtyordy

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Why EURO?

because this is what I have been trading for the past six months, so I know its motion. Why have I been trading this? Because it was the top currency on my forex software, so it was the first I picked lol
 

CarrieW

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I trade euro/usd gbp/usd usd/jpy and usd/chf.


I picked the first 3 I did cause one side of the trade is the usd, they move during the times I tend to trade and they are heavily traded. the usd chf i just started messing with in the past week because my hubby was watching it so I started too...I have decided I like it so its now one of my set pairs.
 
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MJ DeMarco

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Very interesting day ...

It was the first day I've seen in a LONG TIME that decoupled the dollar from the stock market ... the dollar is strengthening AND the market is markedly higher. They have been moving inversely Market up/Dollar down .... Market down / dollar up .... not today!
 

CarrieW

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ya lol.

a very interesting day indeed.

I lost over 50% of my account trading(read gambling lol) the news this morning!

just as soon as I count on the dollar going down it goes up!

lesson learned!
 

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Peter Schiff wrote about how China's pegging with the dollar will have to be a process we gradually move from by implementing sound financial/economic policies at home. If they broke the peg today, we'd be doomed. If we keep the peg, we are doomed. This is the fun game we get to play with our lives when there is no gold standard to naturally stabilize our money. *Of course a return to a gold standard is impractical right now, but that's only because we are in so deeply.
 
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