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To: antaresequity
When the Fed conceals M3, and Bernake is in place...you can watch the beloved dollar resume its multi-year downward spiral...

Coincident with that will the next leg up in gold and commodites from a dollar denominated perspective...

BTW...did you happen to notice the yield curve inverted in the bond market today for a moment for the first time in 5 years?...what happened 5 years ago to the market...

If anything, the yield curve indicates a strengthening dollar, especially when one considers that the EU funds rate is much lower. Bernanke needs to end the current tightening trend. There's no need to cause a recession, though Greenspan seemed to enjoy them immensely.

80 posted on 12/27/2005 9:31:22 AM PST by Moonman62 (Federal creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it)
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To: Moonman62

No doubt the dollar has another leg up to go this first quarter...

I expect the dollar index to punch through 92.50 on its way to about 96.00...then IMHO opinion and the opinion of some others the dollar will resume its down trend.

I am short EUR and GBP and long USD (carry CHF)...

It will resume its down trend...IMHO


81 posted on 12/27/2005 9:35:37 AM PST by antaresequity ((PUSH 1 FOR ENGLISH, PUSH 2 TO BE DEPORTED))
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