R. Scott Raynovich

The Dollar as a Reserve Currency

Bob, is the gold really there? How much? As far as I know there is no government transparency here. It hasn't been audited for years. So how do we really know?

Expect a Short-Lived Dollar Rebound

I don't understand Prechter. He seems to be grasping at straws with his Elliot Wave HOcus-Pocus


On Oct 10 04:32 PM Albertarocks wrote:

> Bob Prechter is also forecasting a rebound in the dollar, but a rebound
> lasting much longer than Scott is foreseeing. If you listen to Prechter's
> logic, it makes a lot of sense. I have to admit though, as an amateur
> student of Elliott Wave theory (for more years than I care to think
> about), I can't quite see the bottom in the dollar that he's talking
> about. The wave count could be there right now, but I could make
> a case that it isn't quite there yet. In any event, what I think
> is irrelevant and I'm in no position to second guess Bob Prechter.
> If what he says turns out to be accurate, we're in for a nasty drop
> in the markets along with a strong surge in the dollar, both events
> running for at least a year, perhaps two. Only after that would we
> see the hyperinflation scenario unfold with a vengeance.

Expect a Short-Lived Dollar Rebound

Today I'm out of the dollar/long gold short that's for sure. Gold is exhibiting too much strength. It appears to me to be broacasting further monetary chaos. I am playing miners like long PAAS and RGLD for now.