How Low Can It Go? Don't Like a Weak Dollar? Might as Well Get Used to It

CNBC ^ | 04/21/2011 | Jeff Cox

[SeekAndFind]

HOW LOW CAN IT GO?

[ExTexasRedhead]

Can we agree that it is by design?

[org.whodat]

QE3 and QE4, will determine how low, interest rate should be about -.001, by that time.

[hinckley buzzard]

Gold closed at $1505 an ounce today, Silver at 46.60. There is serious action in out-of-the-money calls for both, indicating that the market expects both to continue to rise, with periodic brief corrections, until possibly year's end.

The dollar can go lower and metals will go higher if it does. Gold is now at an all-time inflation-adjusted high, silver is not close.

Buy Ag.

[BenKenobi]

Potter’s buying and so am I. :)

[palmer]

even as currency pros wonder how the dollar could be falling against the euro considering the near certainty of sovereign debt defaults in smaller European Union nations

Not to mention the near certainty that those sovereign debt defaults might get a little help since we would hate to see something bad happen to that Euro, such a pretty currency.

[palmer]

until possibly year's end

Or the end of the commodity bubble whichever comes sooner. The dollar carry trade unwind and revaluation will be dramatic, and gold will not suffer too much, but silver will be hammered.

[not2worry]

I can't believe there isn't more said about the devaluation of the dollars.

It's one reason gas is so high. Our dollar is not buying anything from overseas.

This is another example how the stimulus plan has backfired.

I doubt that any of Obama’s “Facebook” fans understand this when they fill up their tanks!

GRRRRRRRRRRRRRRRR

[Uncle Ike]

How low can it go??

If you’re not looking at all of your possessions with an eye towards their barter value, you’re a wild-eyed optimist...

;)

[jdsteel]

Oh, just wait for the next global “crisis” and the resulting “flight to safety”. Should be any time now......

[screaminsunshine]

Negative rates coming soon.

[Polybius]

Can we agree that it is by design?

This is how Obama is planning to spend like a drunken sailor and then not worry about the bill: Let inflation pay off the debt.

Wno ends up holding the bag?

America's creditors and every responsible American that worked and saved for a nest egg.

We are now in the same position as a thrifty, hard working, German citizen in 1913 who had worked, his entire life, to save his hard earned nest egg, one hundred Mark note at a time.

Ten years later, 1923, his entire life's savings was not worth enough to buy him a single loaf of bread.

In 1923, burning your 1913 money provided more heat than the amount of coal that you could buy with it.

[SeekAndFind]

RE: Oh, just wait for the next global “crisis” and the resulting “flight to safety”.

The Most important question people want to know the answer to: Where’s this so-called ‘safety’ that people keep talking about?

[ez]

Spend your money now on the things u will need to survive...ammo, food, gold, fuel.

[Iron Munro]

[Travis McGee]

[Travis McGee]

That won't happen. Obama is going after the “speculators,” so he'll hold the prices down for sure.

[Chode]

[Para-Ord.45]

bm

[jdsteel]

We’re still the tallest midget in the room......no offense to midgets.