Discussion in 'Trading' started by TM1982, Oct 8, 2009.
Where do you see the USD Index by year end? 2010 end?
83 close of 2009
72 close of 2010
Just got long at 76, been waiting for a while.
You're bearish gold if I remember right Papa?
68 by end 2009 early 2010 if rates stay below 1%. If rates start heading higher than dollar could bottom between 70-72.
I do worry about a collapse in the dollar which would certainly take place over the next 18 months.
So you think it will bounce to 83 huh at year end? Is that because of the market correction that is coming very shortly? Dollar should bounce when that happens.
Short USD is a very crowded trade right now... with that type of short interest, it always pays to be careful.
so you think 83 at year end?
Nope... I can't make predictions on this one. The entire world is watching this trade more than any other. Trying to predict something like that is pointless, because it could go either way. Just be ready for anything... trade only short-term and see what happens.
What does your gut say?
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