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  • Commodity Analysts Believe the Party's Over [View article]
    These same analysts published an article right here at seekingalpha.com back on September 20 titled "Currency Analysts Expect Dollar to Strengthen" complete with the photos above. They projected a chart of Euro vs Dollar that had it going down to around 1.32 in March '08. Well here we are and they were like way wrong on that. They don't seem to have a grasp of what's taking hold of commodity vs circulating currency markets. Their predictions sound similar to what Steve Forbes and the majority of analysts said about oil in mid '05 - it has got to go down from this ridiculous spike up to $50/barrel because it has gone up too far too fast. They made no attempt to understand what was behind it.
    Feb 22 14:55 pm |Rating: 0 0
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