Francis Schutte

Has the Dollar Hit a Major Bottom?

Excellent! You just nailed it. The problem with many analysts and investors is that they are impatient and trade a lot.


On Aug 17 08:13 AM chap08 wrote:

> Like most commentators, Prechter gets 50% wrong and only talks about
> the ones he got right.
>
> As for the dollar, I can't tell you what it will do in the short
> term (no one can), but in the long term:
>
> - It is overvalued against asian currencies. They keep paying the
> price to keep the dollar up. This can't last for ever.
>
> - It is overvalued against gold. We'll be printing a hell of a lot
> more greenbacks but they wont be making too much more gold.

Gold (and Gartman) Haunting Some Investors

A pity this kind of Gartman static fills the air. Sometimes the reactions on this forum are a lot better than what the talking heads have to offer. Fundamentals don't change overnight and cycles last longer than 7 years. Many but not all know this. A good financial analyst is one with a lot of experience. Unfortunately, most people who experienced the previous cycle have passed away.