EMERGENCY: U.S. DOLLAR INDEX STRATEGIC DOWNSIDE BREACH OF 74.50

February 27th, 2008

WARNING: This is not a recommendation to buy, sell or hold any financial instrument.

74.39.

It’ll be all hands on deck to try to slow this down. This is an emergency for the European Central Bank.

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One Response to “EMERGENCY: U.S. DOLLAR INDEX STRATEGIC DOWNSIDE BREACH OF 74.50”

  1. GK says:
    February 27, 2008 at 9:23 am

    I think we are going to find out where all that cash from the Afghan heroin ended up.

    It would be really fun to use it from your offshore island/yacht/Gulfstream V to go BIG selling gold futures and using the proceeds to go even BIGGER going long on the USD currency futures. Just for a laugh.

    Let’s say you have 100 billion dirty money in account A. Put in the 2 mega trades above in your dirty account A, and borrow heaps of cheap Yen in your clean account B to buy the other side of the trade.

    You get to have fun watching gold plunge and the dollar defy gravity and go back up. ha ha! Then when it reverts to reality, your dirty account A gets cleaned out, and clean account B gets loaded up to the brim with nice clean cash to pay back your yen loan.

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