1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

Anyone shorting the dollar?

Discussion in 'Money Talk$' started by billwald, Aug 13, 2009.

  1. billwald

    billwald New Member

    Jun 28, 2000
    Likes Received:
    US inflation will be caused by a trashed dollar, not the supply and demand for retail goods. Anyone have experience with shorting the dollar?

    Canada seems to have a sounder economy and dollar than the US. What are the (tax) implications of moving liquid savings to Canada? Anyone know?
  2. Crabtownboy

    Crabtownboy Well-Known Member
    Site Supporter

    Feb 12, 2008
    Likes Received:
    The type of charts I use in investing, Point and Figure Charts, has the dollar at about 74.5 and indicates a downward objective of 69. That call for a short of the dollar. The signal to short the dollar was at 82. That would be a nice profit already on your account.

    The dollar, in the last 90 days, has fallen against the Czech Krown from about 22 to about 17.5. Percentage wise that is a pretty big move, but it appears there it will fall even further. Not a good time for travel in Europe. When the dollar hit its high, [see below] the exchange rate was above 40 Czech Krowns to the dollar. Those were the good old days for visiting Europe and the Czech Republic.

    The dollar has been trending down for a long time. It hit a high of 120 in June of 2001 and reached that high again in January of 2002. It then fell out of bed and has trended down since that time. Y'all remember what was happening back then and started this drop?
    #2 Crabtownboy, Aug 13, 2009
    Last edited by a moderator: Aug 13, 2009
  3. TomVols

    TomVols New Member

    Oct 30, 2000
    Likes Received:
    Finally, some sane discussion! Let me get back to you on this when I have time.

    I'm not ready to call Canada utopia, but no question the Greenback has seen better days. The main reason is of course, gold. Just kidding. Balance of payments continues to be out of whack. Clinton era policies didn't help it, our last administration hurt it worse and our present administration seems poised to worsen our BoP even further.