maplesyrup Posted November 20, 2004 Author Report Share Posted November 20, 2004 Was watching PBS tonite and some US analyst was saying: "Get out of US dollars"! Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted November 21, 2004 Author Report Share Posted November 21, 2004 Business Focus: Infecting the world When Greenspan talks, the world outside of George Bush, listens. Interestin' Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted November 22, 2004 Author Report Share Posted November 22, 2004 Dollar Is Near Record Low; U.S. Rejects Call to Stem Volatility Will the trend upward in the Canadian dolla continue, up in the price of gold and silver, or will the contrarian point of view take over the markets this abbreviated week? And what about crude oil, it bounced up a bit near the end of last week? Wow, some people are pessimistic about the US dolla's future! US risks a downhill dollar disaster /925 Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted November 22, 2004 Author Report Share Posted November 22, 2004 Both the price of gold and the Canadian dolla are up again today, consistant with the trends on the charts which we have seen for quite some time now. Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted November 23, 2004 Author Report Share Posted November 23, 2004 Dollar Weakens as Russia Weighs Shifting Its Holdings to Euros The euro rose to another record high against the dollar today after the Russian central bank said it might increase its euro holdings in an effort to insulate itself against further weakness in the American currency.Like the United States Federal Reserve and its other counterparts, the Russian central bank holds huge reserves of dollars, euros and other currencies as a means of defending its own currency, the ruble, and smoothing out foreign-exchange market movements whenever necessary. Nearly two-thirds of its $113 billion in foreign-exchange and gold reserves are denominated in the dollar, which has reigned for decades as the premier global reserve currency. I wonder if this is a bluff or are the Russians really going to divest itself of some of its US dolla. This looks like there is going to be attempt to up the ante, by putting pressure on the US. Will the US succumb? Can they realistically do anything? I have my doubts. Quote Link to comment Share on other sites More sharing options...
Guest eureka Posted November 24, 2004 Report Share Posted November 24, 2004 One of many things the US can do is raise interest rates. I suspect that tey will take steps to shore up the dollar soon. There are interests more powerful than Bush who will not let him drive the economy, and the dollar, further down the road to ruin. Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted November 24, 2004 Author Report Share Posted November 24, 2004 Dollar plumbs new lows on talk of central bank selling Canadian dolla up again, presently worth US$0.8473 POG US$449. at the moment. I expect we will be seeing spikes in both these prices in the near future. Quote Link to comment Share on other sites More sharing options...
Cartman Posted November 24, 2004 Report Share Posted November 24, 2004 I suspect that they will take steps to shore up the dollar soon. There are interests more powerful than Bush who will not let him drive the economy, and the dollar, further down the road to ruin. So invest in the US now or wait to see if things drop further? My guess is that you are right. Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted November 24, 2004 Author Report Share Posted November 24, 2004 Look at the Canadian dollar now: US$0.8494 And silver US$7.60 Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted November 25, 2004 Author Report Share Posted November 25, 2004 Canadian dolla breaks $US 0.85 and POG breaks US$ 450. to $451.35. (This is a new 16 year high, and breaks through the psychological barrier of 450.) Silver US$ 7.64 I am going to forecast now that the Canadian dollar is going to reach par with the US dollar. Nothing succeeds like success, eh!. As the Canadian dollar appreciates more and more investors will consider investing and holding Canadian dollars. One thing about prices, usually when they fall, they fall a lot quicker than they rise. Has anyone ever done short selling in the stock market? /985 Quote Link to comment Share on other sites More sharing options...
August1991 Posted November 25, 2004 Report Share Posted November 25, 2004 One thing about prices, usually when they fall, they fall a lot quicker than they rise.Huh? Is the US dollar falling more quickly than the Cdn dollar is rising? Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted November 26, 2004 Author Report Share Posted November 26, 2004 Price of Gold is just hoofing it guys. The last I saw it was US$ 452.30. And the Canadian dolla is hanging tough around 85 cents US as well. Even silver is booting it, last price quote was US $7.69 /1000 Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted November 26, 2004 Author Report Share Posted November 26, 2004 This is incredible: Gold: $453. Do you know when gold was last at this price? June '88. This is different than a spike up. It is steadily climbing day after day, week after week, month after month, year after year. Silver $7.76 Cdn dolla: $0.8519 Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted November 26, 2004 Author Report Share Posted November 26, 2004 Dollar decline gathers pace, shaking global markets The euro shot to a new all-time peak of 1.3329 dollars in early European trading Friday, hurdling the 1.33 threshold for the first time since its launch in January 1999. Why would China announce it publically before it divested itself of some of its US dolla holdings? So far no quote on moon gas! /1025 Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted November 28, 2004 Author Report Share Posted November 28, 2004 Fears over recovery as Wal-Mart sales stall Not a good omen. Maybe the international campaign of a buy-nothing day is slowly starting to have an impact. Gold May Rise for Seventh Week on Dollar Decline, Survey Shows Twenty-one of 45 traders, investors and analysts surveyed from Sydney to New York from Nov. 24 to Nov. 27 advised buying gold, which is sold in dollars. Thirteen recommended selling the precious metal, and eleven were neutral.Gold in London topped $455 an ounce Nov. 26, the highest since June 1988, and rose 11 percent the past two months as the dollar fell 7.6 percent against the euro. The U.S. currency fell on speculation the government won't buy dollars to halt the slide. UBS AG, JPMorgan Chase & Co., Merrill Lynch & Co. and Deutsche Bank AG lowered their dollar forecasts last week. I think the Price of Gold may hit US$ 500. an ounce. Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted November 29, 2004 Author Report Share Posted November 29, 2004 Gold tops $453 to start busy week Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted November 29, 2004 Author Report Share Posted November 29, 2004 The price of Spot Gold in New York today closed at US$ 453.40. up US$ 4.40 over Friday's close, so the precious metals market continues upwards unabatted. /1058 Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted December 1, 2004 Author Report Share Posted December 1, 2004 Gold - 454.20 up Silver is really booting it today - 7.93 Euro - 1.33 up Crude - 47.20 down /1073 Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted December 1, 2004 Author Report Share Posted December 1, 2004 Gold is now hoofing it as well - 455.10 Silver is now 8.05 Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted December 2, 2004 Author Report Share Posted December 2, 2004 Here goes the Euro again: - 1.3359 Did anyone see the closing price of crude oil today?: - 45.49 Quote Link to comment Share on other sites More sharing options...
August1991 Posted December 2, 2004 Report Share Posted December 2, 2004 Did anyone see the closing price of crude oil today?: - 45.49Oil is down, MS. What does that mean?(MS, I've been making money on your posts and I need some more predictions.) Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted December 2, 2004 Author Report Share Posted December 2, 2004 Probably because their is less concern in the US now as their oil inventories are high. Crude oil: 43.45 down 2.04 Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted December 3, 2004 Author Report Share Posted December 3, 2004 So at the end of the week where are we: gold - 455.20, up 5.30 today silver - 7.99 crude oil - 42.55 dolla - 0.84 euro - 1.3454 These precious metals are still hollding strong, euro is at its record high, and oil is continuing to drop. Quote Link to comment Share on other sites More sharing options...
maplesyrup Posted December 7, 2004 Author Report Share Posted December 7, 2004 Crude oil - 41.78, down 1.20 Quite a continuing drop since its high of 55.- 56. Quote Link to comment Share on other sites More sharing options...
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