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Will Euro recover in the next few months?

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Re: Will Euro recover in the next few months?

Postby Chris » 15 May 2010, 08:29

1 Euro = US$1.2492. Wow!

Maybe I'll be able to afford a trip to North Korea this year!
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Re: Will Euro recover in the next few months?

Postby JFP » 15 May 2010, 12:32

When investors will (be forced to) figure out that UK and USA are in even worse situation that piigs, euro will go up.
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Re: Will Euro recover in the next few months?

Postby sulavaca » 15 May 2010, 12:48

JFP wrote:When investors will (be forced to) figure out that UK and USA are in even worse situation that piigs, euro will go up.


It may only go up in relation to other falling currencies however. All FIAT currencies are presently in a race to the bottom, with one overtaking another every once in a while. The best thing to be in is gold and silver if you want to gain on currency trading. Otherwise, the long term traded in FIAT is pretty predictable.

June should see a good buy in point for gold.
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Re: Will Euro recover in the next few months?

Postby tommy525 » 15 May 2010, 14:52

Euro will head down a bit more then govt support will see it head back up again towards 1.40 to 1.00 USD.

Based on the "Trillion" Euro govts are supposed to be making appear. :)

Course I could be wrong.
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Re: Will Euro recover in the next few months?

Postby lbksig » 16 May 2010, 03:22

sulavaca wrote:
JFP wrote:When investors will (be forced to) figure out that UK and USA are in even worse situation that piigs, euro will go up.


It may only go up in relation to other falling currencies however. All FIAT currencies are presently in a race to the bottom, with one overtaking another every once in a while. The best thing to be in is gold and silver if you want to gain on currency trading. Otherwise, the long term traded in FIAT is pretty predictable.

June should see a good buy in point for gold.


You're not worried about gold and silver becoming the new bubble?
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Re: Will Euro recover in the next few months?

Postby sulavaca » 16 May 2010, 11:02

lbksig wrote:
sulavaca wrote:
JFP wrote:When investors will (be forced to) figure out that UK and USA are in even worse situation that piigs, euro will go up.


It may only go up in relation to other falling currencies however. All FIAT currencies are presently in a race to the bottom, with one overtaking another every once in a while. The best thing to be in is gold and silver if you want to gain on currency trading. Otherwise, the long term traded in FIAT is pretty predictable.

June should see a good buy in point for gold.


You're not worried about gold and silver becoming the new bubble?


I will be in at least five to ten years. At the present rate of issuing FIAT there is absolutely no worry about gold becoming worth less FIAT. Its not realistically possible in the long term. Unless the masses are quite happy with their FIAT's performance and wish to spur it on by selling the only things which are valuable. There are short term buying opportunities for precious metals, but no long term dips for the foreseeable future.
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Re: Will Euro recover in the next few months?

Postby tommy525 » 16 May 2010, 11:59

Maybe the Euro really is only worth a buck.
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Re: Will Euro recover in the next few months?

Postby Gman » 17 May 2010, 05:26

tommy525 wrote:Maybe the Euro really is only worth a buck.


And what is a buck worth?
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Re: Will Euro recover in the next few months?

Postby sulavaca » 17 May 2010, 08:25

Gman wrote:
tommy525 wrote:Maybe the Euro really is only worth a buck.


And what is a buck worth?


0.023 grams of gold! Or in other words, less than 95% of its original worth.
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Re: Will Euro recover in the next few months?

Postby hardball » 19 May 2010, 10:30

May 19 (Bloomberg) -- The euro sank to the weakest level in more than four years and the pound slumped to a 13-month low as Germany’s ban on some speculative sales triggered concern Europe’s debt crisis will worsen.

The yen gained against all 16 major counterparts amid heightened demand for safety after Germany prohibited naked short-selling and speculating on sovereign debt and the Bank of Italy allowed lenders to exclude losses on government bonds.

About time! :bravo:
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