| Money Management Risk and money management related topics. |
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| | #9 | ||
![]() | Re: US Dollar Becoming Toilet Paper some good relative strength / correlation / spread thoughts... Stocks/Commodities May Get Hammered If Dollar Rallies | Chris Ciovacco | Safehaven.com | ||
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| The Following User Says Thank You to zdo For This Useful Post: | ||
Tams (10-03-2011) | ||
| | #10 | ||
![]() | Re: US Dollar Becoming Toilet Paper I have been open to the possibility of a USD rally for some time now… but somehow just can’t get to the ‘dollar as safehaven’ threshold… …also having a similar issue with the longer end of US treasuries… A story – In March of ‘87 the bonds just flatlined for two weeks. This was the exception, to say the least, because for years before they often had routinely put in 2 – 4+ full point daily ranges… When they finally broke down, I picked a number - 76.16 ( using eWave, fibs, and ‘beginners’ intuition) … ecstatic and wretched trading months passed... … On Tuesday, Oct 20, 1987 during the (new) evening session got filled… sheer luck ... ‘suffered’ a few minutes of 4 tick adversity to 76.12 (actually we need a scared Smilie) then USZ7 rallied overnight to over 85 … got out next morning with over 8k per car… time fkn flies ppl … fast forward to Oct. 2011... USZ11 futures playing in striking distance with double that 76.12 = 152.24… No, 152.24 is not a Magic Number for me now like 76.16 was then … I’m not a noob anymore… and I’m not nearly as ‘superstitious’ as I was then… …nevertheless I have some serious decisions re the long end of treasuries coming up… be trailing some entry stops up under that shit at least...>On to gold, etc ... Gold Versus Paper: The Dow to Gold ratio - the aha! moment ...still clinging to my Silver/Dow spread and itching to lift hedges on PM holdings... >Back to the dollar "...The Fed's philosophy - a resolute faith in central planning and debasement - has been unchanged since Paul Volcker stepped down as Chairman in 1987. Rather than considering any change of direction, the Federal Reserve Board is likely asking itself: "Should we print $50 billion or $500 billion in our next round of stimulus?" "Can the ECB bailout Greece now or do we first need to bail out the ECB?" "Should we call our money-printing 'liquidity assistance' or 'quantitative easing'?" Or perhaps, "Do we have enough ink refills for all those printing presses?" Peter Schiff off color green:- recycle all those brown toilet paper cores - issue new dollars on rolls... a dollar is a debt http://www.zerohedge.com/contributed...is-almost-here | ||
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| | #11 | ||
![]() | Re: US Dollar Becoming Toilet Paper | ||
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| | #12 | ||
| Re: US Dollar Becoming Toilet Paper Quote:
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| | #13 | ||
![]() | Re: US Dollar Becoming Toilet Paper | ||
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