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<p>[QUOTE="qsilver007, post: 1445414, member: 34667"]currency markets are cyclical, to much is focused on the euro and yen, which comprise approximately 70% of the dollar index, the real currencies that should be watched when trading/investing in silver are the Canadian dollar, Indian rupee, Chine yuan, australian dollar. THe euro is out of favor now, strange, as the last year the best thing to happen to the US was the SP downgrade, as the dollar rallied against other majors, and bonds went straight up. SIlveer and Gold are most likely near there year bottom on Thurday, as theose people who wold at 26.70 and 1528 did not want to. Another thing bullish metlas and bearish dollar right now, is Missouri is in the proccess of trying to pass a law, in which bullion account couldn be used as collateral acounts similar to stocks and and margin account, I dont know all the specs, but multiple states are making it a currency, Mexico will most likely to be the first major country to put it backin coinage, once the general pop gets wind of that, it should be a moonshot up..............fyi only ..........qsilver007[/QUOTE]</p><p><br /></p>
[QUOTE="qsilver007, post: 1445414, member: 34667"]currency markets are cyclical, to much is focused on the euro and yen, which comprise approximately 70% of the dollar index, the real currencies that should be watched when trading/investing in silver are the Canadian dollar, Indian rupee, Chine yuan, australian dollar. THe euro is out of favor now, strange, as the last year the best thing to happen to the US was the SP downgrade, as the dollar rallied against other majors, and bonds went straight up. SIlveer and Gold are most likely near there year bottom on Thurday, as theose people who wold at 26.70 and 1528 did not want to. Another thing bullish metlas and bearish dollar right now, is Missouri is in the proccess of trying to pass a law, in which bullion account couldn be used as collateral acounts similar to stocks and and margin account, I dont know all the specs, but multiple states are making it a currency, Mexico will most likely to be the first major country to put it backin coinage, once the general pop gets wind of that, it should be a moonshot up..............fyi only ..........qsilver007[/QUOTE]
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