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Posts by "qiman"
248 Posts Total by "qiman":
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Posts by Anonymous "qiman":
"We realise that this will be a controversial view given the real and ongoing issues around sovereign risk and the European outlook. While we do see sustainable Dollar strength in the more distant future, we think the short-term pressures are likely to reverse."
http://www.zerohedge.com/article/goldman-tells-clients-go-long-euro-145-three-month-forecast-135-stop
http://www.telegraph.co.uk/finance/economics/7327017/Pound-slides-as-figures-underline-scale-of-UK-recession.html
Yes, in his book Ashraf mentions this phenomenon, now the question is how long does it last this time and how effectively can we use this pattern to make more money!
This is from a good article on Marketwatch: Gold breaks the rules
http://www.marketwatch.com/story/gold-breaks-the-rules-2010-02-26?dist=beforebell
"Other currencies aren't strong and the Euro has real problems, with cracks much wider than Greece beginning to show," Rogers continues, "but it's the Pound that's most vulnerable. In real terms, it's already devalued against virtually every currency barring the Zimbabwean dollar and it's especially exposed over the weeks running up to the UK election. In a basket of currencies, the Pound is potentially a basket case. And that will put Britain in an extremely bad position for the shakedown."
http://media.einnews.com/article.php?pid=73800