Dollar / Euro Sentiment Question.

Will the USDX (which is heavy weighed in Euros) hit 60 or 90 first?

Assume end of 2010 as your breakdead date...

 

90, definitely (my opinion).

Before 60 we'd likely see all sorts of intervention.

 

I was going to say before 90 well see all kinds of intervention. The government wants the DX at 60. That would put the Dow at 20k

 

Technical analysis for DX Index:

 

bump...no 60 yet..

 

technically it appears as if a monthly bottom was recently hit

 

Our government would, perhaps, love this. But the fallout internationally is not something they will realistically risk. Oh sure, you'll hear lots of gold bugs/sites and folks like Faber claiming it's around the corner. But reality is a whole different thing.