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PowerShares DB US Dollar Bullish ETF Message Board

  • silver_metallic silver_metallic Oct 9, 2008 1:00 PM Flag

    $US Dollar -- Textbook Bullish Chart

    I think the US Dollar is NOW in a new paradigm.

    If you go back 6 months you can see it mysteriously hit rock bottom then consolidate for the entire spring/summer session.

    Then as any bullish trend it began uptrending in a textbook fashion and here we are.

    I am looking once $25 clears that $27.50 will be the next target.

    I think world investors are seeing the US to recover FIRST hence the the new interest in the US dollar.

    Safe haven, fundamentals whatever you want to call it the US dollar is in a NEW paradigm.


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    • possiblle euro/dollar parity in next year, perhaps even next 6 mo. 1/1.10 seems a bit more likely. question is one of flight to quality (i.e. US cash is king), combined with the emerging market/commodity countries' collapse (see kiwi and auz dollars getting hammered). only currency that could possibly hold up vs the USD is yen, which has its own strength vs emerging economies + commodities in Asia.

      long uup for a month now

    • I am long and adding to my position. Bottom is in on the Greenback.

    • garyfleenor1@sbcglobal.net garyfleenor1 Oct 21, 2008 8:48 PM Flag

      fundamentally dollar has to tank
      economics 101
      Fed 800 billion buy out

      not sure i get what is happening right now but i expect crash

    • Well our economy has already began "going south" precisely one year ago when the markets topped IMHO. Remember the stock market is ALWAYS 6 to 9 months "ahead of the curve".

      The US dollar is uptrending because "cash is king" in this day and age. AND furthermore the US as an entity is "first out of the gate" per se hence her strength not only technically but economically.

      Look for the continued uptrend for God knows how long.

      Cheers -- Silver

      • 1 Reply to silver_metallic
      • Re Silver:


        smart people such as you and I know that long dollar is the place to be for the foreseeable future.

        but we still want the masses to think the dollar is about to collapse. that way we can ensure this dollar rally will never end. last week the speculators on forex were absurdly long us dollar, hampering the dollar's ability to rally.

        as soon as we see magazine covers hailing the return of "king dollar" then it will be time to sell.

        but until then let's keep this dollar rally a secret.

    • silver "seeing the US recover first" ? Dollar is strong because the rest of the world is even worse but our economy hasn't even started going south...imho

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