Goldtent TA Paradise

Dollar Collapse?

1. Todamoon says:

   June 12, 2019 - 7:12 am at 7:12 am

   If you read all of Ron Rosen’s letters you will see he has been preaching the same S&&&t for a long time . I’d take anything these news letters say with a dose of professional skepticism

   • Curly Top says:

     June 12, 2019 - 7:42 am at 7:42 am

     You’re quite right. Rosen, imo, has been very very wrong on timing(like me), which makes him very very wrong, even if ultimately what he says comes to pass. I’d also admit that Rosen is very low on supporting documentation for his views. But I’ve been at this a long time and haven’t found anyone very reliable or pure as the driven snow, so probably like you I hobble together the opinions of those who I don’t believe to be purposely wrong, then mix them with my own views, and arrive at an investment decision. Fwiw, and that may be very little, I think Rosen is finally about to be right.

     I posted his article primarily because he’s very old and quirky and no longer seems to be trying to sell anything to anyone, and because he claims to use Elliot Waves–something I’m not equipped to comment on–to arrive at his decisions. I think the Elliot Wave enthusiasts here have been telling us that the dollar will be going way up so I thought it would be fun to present the opposite Elliot view. Also, it’s fun to see PDL spit fire:)

2. Parabolic Chuck says:

   June 12, 2019 - 9:35 am at 9:35 am

   160 US Dollar will happen before any collapse in the dollar and this man will be proven very wrong not just about timing but direction is my prediction…

   • Alex33 says:

     June 12, 2019 - 11:09 am at 11:09 am

     maybe, maybe NOT, My view is US$ will start to fall once the US lowers rates and the rate difference with Europe disappear.

     In the long term I have no clue, maybe $ will be stronger again due to crisis or whatever.

     https://www.bloomberg.com/news/articles/2019-06-11/trump-has-a-point-the-euro-is-22-too-cheap-using-oecd-measure

3. Fullgoldcrown says:

   June 12, 2019 - 9:50 pm at 9:50 pm

   Dollar Collapse = Euro Mania

   Who is willing to bet on a super strong Euro ?

   Which includes the likes of Greece Italy Spain France etc.

   • Curly Top says:

     June 13, 2019 - 7:15 am at 7:15 am

     “Who is willing to bet on a super strong Euro ?”

     Umm, I guess that would be me. To me, the Euro is the DM, under another name. Germany’s a total political mess these days but so is most of the Western world.
     (Ecuador uses the USD but that fact doesn’t have any influence on its value.)

     And remember, we’re not talking about a strong euro in gold terms, only in USD terms. To me, that’s more a political decision than an economic one. Other than RE, I’m out of US dollars–for now at least. (But if the AUD falls below its early May low I’ll bail.)

4. red label says:

   June 12, 2019 - 10:31 pm at 10:31 pm

   IMO the collapse of the $US, in the near term, could only be possible is if EU countries signatory to the Bretton Woods rescind endorsement of that agreement, which in my opinion is very well intact other than the dollar~gold ratio floats.

   Germany seems to to be in the final stages of complete domination of Europe, 3rd times a charm apparently?

   IMO Germany might step away from the Bretton Woods if the $US becomes to strong, DB fails, unrest in France spreads, they get a better offer from Russia and China? The fate of the $US IMO is in the hands of Europe.

   • Bikoo99 says:

     June 13, 2019 - 9:03 am at 9:03 am

     ” the Bretton Woods rescind endorsement of that agreement” I do not remember USA and other nations voted on BW agreement post 1971 when USA came off the gold standard. US defaulted on the agreement with the world when French asked US to deliver gold for their dollar holding in 1968.

     So 1971 there after US dollar became irredeemable currency and defecto Reserve currency. China holds key to strong dollar. If dollar collapses China is the one to loose most.