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  • Is the dollar too strong for its own good?

    From cnn.com

    Time to book that long overdue trip to Italy, France or Spain? The dollar is inching closer and closer to being worth the same as one euro. The last time that happened was 13 years ago. So will the dollar really reach parity with the euro anytime soon? And if so, what does that mean for consumers, businesses and investors? Why the dollar has rallied The dollar has surged against the euro -- and most other global currencies for that matter -- this year. The U.S. Dollar Index, which measures the dollar versus the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc, is up nearly 10% so far ... (full story)

Dollar isnt strong its weak. Sure you have illusion where the Dollar is strong vs other Fiat currencies which are being printed to hell(along with the USD).

However compare the Dollar to anything thats real Food, Water, Housing, Gold, Silver. compare it over a 10 year period of time or 50 year. Dollar is very weak.

Of course comparing Shit vs Shit IE fiat currency vs fiat currency, makes the USD looks good. The USD may always be between 1.0 - 1.5 vs the Euro however whats the point of that comparison if both wont by you much in 10 years time.

Gold is the only real money in the world. Back in the roman days 2000 years ago and more an ounce of Gold would get a Roman Legionnaire a very good suit of armor. The same ounce of gold would get you a very good suit back in the 1900's. Same is the case today you could go out and buy a very good suit with an ounce of gold. Can the same be said for the USD, Back in the 1900's USD vs gold was at 20usd to an ounce of gold. Maybe 20usd back in 1910 would have gotten you a good suit, what would you get for it today?

So there you go USD is very weak, comparing it with other fiat trash is just creating an illusion of strength.
Of course it is.
Quoting Bankerssuck
Dollar isnt strong its weak. Sure you have illusion where the Dollar is strong vs other Fiat currencies which are being printed to hell(along with the USD).

However compare the Dollar to anything thats real Food, Water, Housing, Gold, Silver. compare it over a 10 year period of time or 50 year. Dollar is very weak.

Of course comparing Shit vs Shit IE fiat currency vs fiat currency, makes the USD looks good. The USD may always be between 1.0 - 1.5 vs the Euro however whats the point of that comparison if both wont by you much in 10 years time.

Gold...
Absolutely correct, also worth bearing in mind the same weight of gold in Weimar Germany in 1921 that would have bought a modest apartment by 1925 would have bought an entire office block in Berlin

There are now 300 paper contracts for every ounce of Gold held on the Comex in NY, thats 300 people believing they own the same ounce of Gold. Anyone with $500M could buy Gold futures with Dollars, then, ask for settlement in Gold and collapse the worlds economy !!

Now that would be fun
  •  Guest
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Ahh the gold inflation arguement, but boys and girls what if you took that 20 dollars and invested it in the share market ... Then that $20 would be worth far more than the $1100 gold is now worth... Gold will have its day, I will buy more gold at 900 or less as the is more downside coming then we will see it rise due to fear of governments not being able to carry their debt loads. Then like 2011 then will be a time to sell gold, I wish I'd sold more then...
Quoting Guest
Ahh the gold inflation arguement, but boys and girls what if you took that 20 dollars and invested it in the share market ... Then that $20 would be worth far more than the $1100 gold is now worth... Gold will have its day, I will buy more gold at 900 or less as the is more downside coming then we will see it rise due to fear of governments not being able to carry their debt loads. Then like 2011 then will be a time to sell gold, I wish I'd sold more then...
Trick is Buy Low / Sell High and spread risk, Gold and Silver are on bargain busting sale right now , UK , Scandinavian property (well most of the planets) are at super hyped levels, stocks are far too high as are bonds all because of the un-elected idiots in central banks.... so yep buy Gold now and Silver , wait for $900 and you could be there for ever, happy trading
Quoting Guest
Ahh the gold inflation arguement, but boys and girls what if you took that 20 dollars and invested it in the share market ... Then that $20 would be worth far more than the $1100 gold is now worth... Gold will have its day, I will buy more gold at 900 or less as the is more downside coming then we will see it rise due to fear of governments not being able to carry their debt loads. Then like 2011 then will be a time to sell gold, I wish I'd sold more then...
Well we are talking about the USD here, not the stock market. The topic of the thread is that the USD is strong.

I believe central bank money printing has caused the stock market to sour since they use the stock market as a casino to lure people into their boom and bust cycles.

Gold and silver are heavily manipulated. They will soon out perform the stock market again.

Stock market being up is just again a case against USD strength which again as i mentioned is an illusion when compared to other fiat currencies. Being weak against the stock market or gold just goes to show you the USD is very weak.
Nah its not really, can easily go more like 102-110
All posts are my personal opinion
i believe gold is the only true money than any other currency in the world, but we should not forget one fact about currencies and that is all the currencies in the world are a reflection of how a country is doing/ growth, and these currencies where actually made from a measure of gold as the only standard means of comparing and assigning value to a country's currency. well, talking about ''spot fx'' Strong dollar is not good for the market as it speed up and remain consolidated, a moderate strength in the usd is most valued and put us traders in shape with respect to analysis and other activities.
XMpipsMagnet Return Today: na
i am also of the view that, if the other currencies are not been pushed aside by the dollar the trends in the market are really clear. so , when market consolidate for very long time it is a vivid indication of how strong the dollar is and hence the number of people holding it.
XMpipsMagnet Return Today: na
Short memories some of these journo's.

15 years ago Euro was .83

Im surprised its not there now given the state of the place.
As long as we see headlines such as:

"Is the dollar too strong for its own good?"

The dollar will get stronger.
Dow 20,000
Oil 12
Gold 300
EurUsd .85

Until we start seeing headlines such as:

"despite the recent strength the dollar is still weak"
Quoting Mingary
As long as we see headlines such as:

"Is the dollar too strong for its own good?"

The dollar will get stronger.
Dow 20,000
Oil 12
Gold 300
EurUsd .85

Until we start seeing headlines such as:

"despite the recent strength the dollar is still weak"
i complete agree with you this dollar price is fake we will see soon again weakness of usdollar
Dollar is Weaker in Reality ,,,, The night mare will arrive soon ,,,With inflation rate 2 % plus how the Dollar is strong ?????
Yes it is too strong which is another reason the FED should not raise interest rates. And gold is so last century. It is no more valid as a measure of wealth than a cup of sand standard.
Quoting gat
Yes it is too strong which is another reason the FED should not raise interest rates. And gold is so last century. It is no more valid as a measure of wealth than a cup of sand standard.
Which is why central banks use Gold as collateral? if its such a pet rock why are central banks using Gold for collateral? Why is it Russia and China being the largest producers of Gold dont export a single ounce of their mining output?

Why is it US the biggest terrorist in the world steals nations gold as soon as it spreads its so called democracy to a nation? Check what happened in Ukraine just as the Pro Russian government was over thrown by a US led coup. Over night 30 tons of Gold was transported from Ukraine central bank to the US FED. Funny the US is so efficient at stealing Gold yet when it comes to repatriating German Gold its a problem.
Quoting Bankerssuck
Why is it US the biggest terrorist in the world steals nations gold as soon as it spreads its so called democracy to a nation? .
Gold will be at 300 usd/oz soon. Gold is an obsession with the neurotic minded and the conspiracy nut jobs and they tend to always be wrong.
It took a very longtime for gold coins to supplant barter. Coins first appeared in Lydia ~ 500 BC and then disappeared until ~1300. Why if gold is so freaking awesome did people not glom onto it aping the Lydians? So now we have gold as the only valid measure of wealth because it was logical for trade centuries ago. Now we have moved past gold to paper, and past paper to plastic but many cling to the past. There is only about $1300 / person in the US and also the world. Most everyone's monthly budget budget in developed nations is a multiple of that. Gold is pretty useless except for hoarding and jewelry. It is an anachronism.
Quoting Mingary
Gold will be at 300 usd/oz soon. Gold is an obsession with the neurotic minded and the conspiracy nut jobs and they tend to always be wrong.
Great so i can stack more gold 3-4 times faster than i can now. 300usd / ounce will be wonderful
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average down buying gold is...sad!
just hope bxxsuck, you're not still stuck with some over 1600 dollar ounce back from 2012/13.

As for EUR/USD beware not to be caught with margin call shorting USD.

Happy trading everyone.
Quoting Mingary
Gold will be at 300 usd/oz soon. Gold is an obsession with the neurotic minded and the conspiracy nut jobs and they tend to always be wrong.
Here's a great article explaining how all the Central Bankers are "Nut Jobs"

http://www.bloomberg.com/news/articles/2015-11-12/central-banks-snapping-up-gold-at-near-record-pace-council-says

I agree with Bankers , if price goes to $300 I'll be backing up the truck

Houses, Dollars, Stocks and Bonds will now go "All offers , No bids"

Preciouses Metalsis "All Bids, no offers"

As for the comment above about "Gold being so last year" , yeh and the 6000 before it
Gold, just like any other things, will disappear one day. But nobody knows when. And certainly not in our lifetime. It could be millennium away.

Just like trading forex will be a laughable activity. But again it could be millennium away.

It's John Lennon "Imagine" or Utopian. Where food is free, capital is free, no more greed, no more wars, and everybody lives happily ever after.

It's when Gold is worth only 300 USD and nobody wants to have it.

Before it happens, don't ever think it will happen one day.
Quoting gat
Gold is pretty useless except for hoarding and jewelry. It is an anachronism.
You can treat a lady to luxury dinners, and she will soon forget about them. But when she sees you wearing those golden jewelries, her heart will melt right away.

It's a certificate for a man achievement in modern days.
Yes, there is something totally magical about the shiny metal...gold! When I think of how hard those little dwarves worked to extract it from the mountains.
Quoting gc44
Yes, there is something totally magical about the shiny metal...gold! When I think of how hard those little dwarves worked to extract it from the mountains.
Dwarves ?, your thinking of Mark Carney and his merry midgets at the B of E
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  • Posted: Nov 10, 2015 11:51am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 24  /  Views: 4,956