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U.S. Dollar ...

Posted on 4/12/10 at 3:32 pm
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/12/10 at 3:32 pm
lost support today. Dare I say it, but is it time to switch to our little yellow metallic friend for a swing trade?


Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 4/12/10 at 4:11 pm to
Hypothetically, how would you play it?
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/12/10 at 4:27 pm to
I think silver is undervalued in relation to gold, but gold is more closely correlated to the U.S. Dollar. Typically, as the dollar goes down, investors will flock to gold for a safe haven, causing gold prices to rise. Here's an interesting read on the relationship between Gold/Silver and Gold/Dollar.

LINK

Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/12/10 at 4:29 pm to
I would think it has as much to do with the Greek bailout getting the official thumbs up. Maybe go long the E for awhile, if you're into that.
Posted by lynxcat
Member since Jan 2008
24171 posts
Posted on 4/12/10 at 4:32 pm to
I can't even begin to understand technical analysis....
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 4/12/10 at 4:40 pm to
quote:

I can't even begin to understand technical analysis....


It took me a while, but I've gained a decent understanding of it through reading RSBR's stuff. Also, "A Random Walk Down Wall Street" talks about a lot of the techniques, although in a negative light.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 4/12/10 at 5:17 pm to
quote:

Hypothetically, how would you play it?

I don't know how RedStick would do it, but I just went long in Iraqi dinars today.....
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/12/10 at 6:35 pm to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 4/12/10 at 7:41 pm to
quote:

U.S. Dollar ...
lost support today. Dare I say it, but is it time to switch to our little yellow metallic friend for a swing trade?


Why not a hot stock play instead? Same thing. I hear MVIS is due.
Posted by hurricanecentral
Member since Dec 2007
60 posts
Posted on 4/13/10 at 3:44 am to
Now that you bring up the dollar, it seems like global currency talk has die down a bit...
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/13/10 at 11:22 am to
Rupiah Gains 5 Times More Than Yuan on Revaluation [LINK]

Interesting angle to the currency world.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 4/13/10 at 11:29 am to
The question remains ... who has the balls to make the first move and then post your results?
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 4/13/10 at 11:42 am to
quote:

who has the balls to make the first move
The first move to do what?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 4/13/10 at 11:50 am to
I make $14/hr and have roughly $3400 to my name, al of which is devoted to being spent on whichever vice I so choose. Guessing the moves of politicians and machinations of global forex markets is not something I'm interested in at the moment.
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 4/13/10 at 11:55 am to
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