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31/01/2018 - Where does the US Dollar go from here ?

 
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WooWoo



Joined: 05 Apr 2013
Posts: 1145

Posted: Tue Jan 30, 2018 8:15 pm    Post subject: 31/01/2018 - Where does the US Dollar go from here ? Reply with quote

So Umph ?

A few years ago the Dollar Basket went as low as about 76.00, or 78.00. Then it went as high as about 105.00.

Now it is around 89.00.

I suppose you could say it has found its mark.

However many believe a serious Economic Collapse must come and then we'd see the Dollar move and Gold move.

The normal wisdom is that Gold would rise and the Dollar fall, but actually that just tends to be in the beginning until people get seriously frightened and then they rush to US Government Bonds, and that supports the Dollar.

Government Bonds are literally promises by a Government to pay back those who will buy the Bond (lend the money) an interest rate.

The belief is that a Country like the USA or Germany, or Switzerland or Sweden or Japan won't default as they are stable places.

So buying Bonds is sort of the safest place to store your Wealth.


So I'm NOT sure where to start with this one except somebody I know, who spotted and publicised the move from 78 to 100, feels that this year we'll see the Dollar moving towards 105.

So just trying to spot that Turning Point.

Hum ? Hum ? Hum ?

Any ideas ?

H
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Kwincunx



Joined: 22 Feb 2017
Posts: 25

Posted: Wed Feb 14, 2018 7:32 am    Post subject: a joker Reply with quote

Surely the joker in the pack is the rise of crypto currencies. I am no currency expert. To say the least. But Bitcoin, and what will replace it as an improved crypto system, will shake the currency market like a 9.6 earthquake.
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ModWasp



Joined: 21 Mar 2014
Posts: 725
Location: England

Posted: Wed Feb 14, 2018 9:04 am    Post subject: Reply with quote

Quote:
But Bitcoin, and what will replace it as an improved crypto system, will shake the currency market like a 9.6 earthquake


The central banks won't allow it. And neither will governments because they see cryptocurrencies as putting consumers at risk and it could also serve as a vehicle for tax evasion and money laundering.

Even after ten years of Bitcoin, it has yet to establish itself as a reliable means of payment.
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Jupiterhead



Joined: 22 Jul 2013
Posts: 534

Posted: Wed Feb 14, 2018 10:19 pm    Post subject: Reply with quote

[quote="ModWasp"]
Quote:


Even after ten years of Bitcoin, it has yet to establish itself as a reliable means of payment.


That's a bit unfair...

Bitcoin only became mainstream around July 2016.
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WooWoo



Joined: 05 Apr 2013
Posts: 1145

Posted: Wed Feb 14, 2018 10:52 pm    Post subject: Reply with quote

Any ideas on what is driving the US Dollar Basket ?

Trump certainly talked it down with his Big spend, Big Borrow White Paper earlier this week.

So that begins to give me a clue.

It certainly has been loosing value pretty well since he got into the White house.

Er ? Um ?

So if Trump goes then maybe the US Dollar rises ?

Don't rule it out with The Node applying to his n.Pluto late April.

H
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WooWoo



Joined: 05 Apr 2013
Posts: 1145

Posted: Sat Feb 17, 2018 12:14 am    Post subject: Reply with quote

Still searching for the Handle on the USD ...

https://uk.yahoo.com/finance/news/dollar-set-post-biggest-weekly-085923762.html

H
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