Thought i'd post a very old chart i have,looks like we're about
to test that long term red dotted line again,it looks like it could
go higher and my call for a much lower Dollar is looking wrong
at present but Benny boy wants a lower Dollar and also with an almost
zero yeald from holding Dollars if feel that soon everyone who wants to
buy will have bought,then some of this money will start to look for another
home where it can get some return and down we go again.
to test that long term red dotted line again,it looks like it could
go higher and my call for a much lower Dollar is looking wrong
at present but Benny boy wants a lower Dollar and also with an almost
zero yeald from holding Dollars if feel that soon everyone who wants to
buy will have bought,then some of this money will start to look for another
home where it can get some return and down we go again.
You can remain irrational longer than you can remain solvent.