For me one better than cash is to buy FXE. That way you're
effectively in the Euro in case there's a dollar decline till you
choose to use it another way. Esp since both are breaking out.
Glad to be of service, unless of course my advice turns out to
suck.
both euro and australian currency have performed better
than the dollar, not sure about future performance though, starting
to like the yellow shiny metal DGP
Posted by hornsant on 11th of Jul 2008 at 04:00 pm
Gold has broken out of an inverted H/S pattern and already
tested the nekline, very bullish. As opsed to the US$ that is
braking down from a H/S pattern, very bearish.
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Just offering my strategy. .... For
Posted by kreem on 11th of Jul 2008 at 03:46 pm
Just offering my strategy. ....
For me one better than cash is to buy FXE. That way you're effectively in the Euro in case there's a dollar decline till you choose to use it another way. Esp since both are breaking out.
Glad to be of service, unless of course my advice turns out to suck.
FXE and FXA
Posted by andreac on 11th of Jul 2008 at 03:49 pm
both euro and australian currency have performed better than the dollar, not sure about future performance though, starting to like the yellow shiny metal DGP
Of course that's best. But I'm
Posted by kreem on 11th of Jul 2008 at 03:51 pm
Of course that's best.
But I'm slightly wary that most of GLD's 250% volume was red bars in the morning trying unsuccessfully to bury it!
timeframe
Posted by andreac on 11th of Jul 2008 at 03:55 pm
Planning to buy DGP in August, but thinking about taking a half position sooner. Gold is very tough one to read. Dollar has just plain stunk
go gold
Posted by hornsant on 11th of Jul 2008 at 04:00 pm
Gold has broken out of an inverted H/S pattern and already tested the nekline, very bullish. As opsed to the US$ that is braking down from a H/S pattern, very bearish.