Well w/the exception of the last few days....this board was all but dead...here's hopn we can bring it back to life.
Having said that....here's a topic to chew on.....what say you Dr. Sean w/re to the dollar being BMOC as opposed to gold?
AtaGlance.....I of ocurse already know your comments on the matter ;)~
As for me Dr. Sean...I lean towards the belief that gold has replaced the dollar as the new currency barometer....& actually, I don't think it's all that new. IMO it's been that way for quite sometime now...it's just that our "wonderful" domestic government body of econ "know-it-all's" refuse to admit it....after all, if they did they'd be admitting a failure of sorts.
& as for my dollar call going into 08....tho I do think (& of course hope) the bottom is w/in sight, (we may not be quite there yet) BUT by the same token I don't think it'll be rebounding anytime soon...at least back to the levels from where it began its' freefall...that much is obvious imo. Far too much uncertainty in US all around w/many topics....subprime is still somewhat of an unknown of course (tho we are making headway as far as being able to gauge just how bad it will truly be) amongst a few other lil bug-a-boo's....such as the uncertainty of the election in Nov being one...& if the dems get into office (which is lookin like a fair call @ this time....still a ways to go however) then who knows what troubles may or may not lay ahead for the U.S.?
So I suppose you can label me a dollar bear for the time being....but reserve the right to change my tune should we see a true bottom form w/an honest to goodness trend reversal....& for said reversal to occur it'll take at least 2-3 months to truly know for sure....& even at that it could still run into some trobule as the election in Nov draws near.
Bottom line, all (or much of) the uncertainty in the U.S. needs to be resolved 1 way or another that's fo'sho in order for the greenback to have any shot at all in making a decent attack on previous highs.
In closing, here's to a lively'er greenback board in 08 & the dollar recovering from its' latest illness.
Cheers & a very healthy, happy & of course prosperous '08 to all.
WB
