If US markets correct/crash, buy dollar forget gold?

Discussion in 'Economics' started by Daal, Apr 17, 2007.

  1. Daal

    Daal

    If the dynamic of Feb 27 repeats cash USD should be king
     
  2. Sure, and if Santa Claus is found to be a real human being, then I'm going to start leaving out milk and cookies.
     
  3. Daal

    Daal

    I bet the austrians lost a lot of money in feb 27. they must have screamed 'its here the big one is finally here, its the end of the financial system. BUY' and load up in gold and silver while it crashed, at the same time everyone and their mother were buying US bonds
     
  4. zdreg

    zdreg

    don't forget the bananas
     
  5. Daal

    Daal

    Man, it was good I sticked with my beliefs and forgot the gloom doom conspiracy gold crowd. USD cash and bonds are KING right now, I can see it reversing and giving up the gains if the US banking system starts to turn sour though
     
  6. zdreg

    zdreg

    I suppose you qualified your post by saying right now. the old expression the emperor has no clothes applies to the dollar.

    in any case the yen is king here for awhile.
     
  7. Always a question for how long. Holding JPY long costs money, a lot of money.
     
  8. Futures babe; Long Yen futures paid very good last couple of weeks.
     
  9. zdreg

    zdreg

    how much money are we talking about?
     
  10. Daal

    Daal

    Just put my hedge on, better stay neutral till the market shows how it will play the cut
     
    #10     Aug 17, 2007