With OPEC threatening to move off the dollar for euro’s, that fucker (dollar) will make new contract lows, sometime in 2008.
Write that shit down.
Naturally, [[GLD]] or [[SLV]] is a good alternative to the “wheel barrow.” In addition, owing euro’s via [[FXE]], loonies via [[FXC]] or yen via [[FXY]] is a good currency hedge or investment, in my opinion.
Finally, do not be tricked by bullshit spikes in U.S. exports. The only reason why exports are up is due to the lead balloon, aka dollars.
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As an importer, a weak dollar fucks me.
Long and strong GLD- my biggest position.
Doesn’t the G7 meet this weekend? If so, any chance they come to some agreement on currencies & interest rates that could create a rally next week? Just wondering what you guys and the Fly think about that and possibly covering shorts before weekend for a potential bounce.
Ideas?
http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=8e27382b-a13a-411a-8f79-7886956a0e68
You think the G7 can rescue the market now?
We’ve moved off from the Fed, I guess.
What next, the IMF? World Bank?
Unicef?
The FLY:
One word: BUY PAL and SWC. How many times do I need to repeat that. Most of your followers have heeded my advices long ago. You are the only stubburn one left.
Are you interested in making money or not?
PAL up 12.25% and SWC up 9.39% just for today. I think they should be up more just today.
http://seekingalpha.com/article/63529-investing-in-a-resource-constrained-world-part-ii
How much more stubbrun can you be?
G7 won’t rescue shit. Japan would like to see the dollar killed so a world currency unit can be formed.
JJ-
According to your cost basis, you are still in the negative in your PAL and SWC purchases from last year.
being ‘stubbrun’ will get you nowhere, Fly.
JJ:
from which country do you hail that ‘BUY PAL and SWC’ equates to one word?
the eur.jpy eur.usd are coming in a perfect tight wedge. a volatility spread will catch whichever way it breaks, though eur is going down. g7 speaking tonite. what BOJ wants is a question, however there is no question that the ECB want the eur down.
US Exports:
Jobs
Inflation
Derivative packages full of toxic shit
Now Accepting Silver and Gold
http://www.blogger.com/comment.g?blogID=11324386&postID=7841749828212425002
Gold Is Money
While some are accepting Euros, others are accepting gold and silver as payment for merchandise.
With a hat tip to “Crimson Ghost” for the link, I talked with Paul Duhy the owner of TVShowHeaven who is offering a 15% discount for payment by gold and silver coins. That discount is above posted values for the coins.
Duhy commented “Gold is Money, so why shouldn’t I accept it?” It’s pretty hard to refute that logic, although many keep trying. I contend Gold Is Money Because Gold Acts Like Money.
Gold has served as money for thousands of years, and government decree cannot change that simple fact.
15% Discount For Real Money
BBB asked:
“JJ, from which country do you hail that ‘BUY PAL and SWC’ equates to one word?”
“BUY PAL and SWC” equals to “MONEY” and that is one word that every language understands.
Woodshedder:
My average cost is $150 per share SWC and $100 per share PAL. So I will not sell until these price targets are reached.
Seriously I am already well into the green. I am going to add more, not sell.
I think teenagers shouldn’t be allowed here. They don’t have a clue about life, why are they trying to look smart?