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Message: Re: Who is C.I.B.C. ?

jpw
Feb 22, 2013 12:13PM

Feb 22, 2013 12:32PM

jpw
Feb 22, 2013 01:10PM

Feb 22, 2013 01:32PM
3
Feb 22, 2013 03:29PM
3
Feb 22, 2013 03:56PM

"Has anyone given any thought to " the safe haven " ? If the U.S. ( Obama ) keeps on printing dollars . And if he continues to increase the deficit as quickly as he has. Where are C.I.B.C. and all the big investors going to put their money ?"

Here's the thing you need to remember. The USD is a fiat currency, but more importantly, the USD index is an INDEX. See the breakdown below. In simple terms, these currencies are the "denominator" of the USD index. If they fall, the USD goes UP. So, do you think the EURO is going higher? If so, the USD will go down, and Gold will go up. Right now, I'd say the EUR is overdone on the upside, and the Japanese have gone batsh*t crazy with QE and are talking down the yen daily. This does NOT paint a good picture for gold in the near term no matter what Obama and Ben can, will, should or won't do with their fiscal situation. Just my 2c.

The U.S. Dollar Index® is computed using a trade-weighted geometric average of six currencies. The six currencies and their trade weights are:

Euro

57.6 %

Japan/yen

13.6 %

UK/pound

11.9 %

Canada/dollar

9.1 %

Sweden/krona

4.2 %

Switzerland/franc

3.6 %


Feb 22, 2013 07:25PM
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Feb 22, 2013 08:38PM
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Feb 23, 2013 11:27AM
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