Short Dollar positions in Foreign Currency (Vanity)

11/06/2006 | Jim Nesfield

[jimnesfield]

This critical election cycle will determine if Soros, Buffet, Gates, and other well funded liberals make money on their short dollar transactions. If the Republicans win they stand to loose a fortune on short dollar positions. A win by the Republicans an increased prosecution on the axis of evil will create stronger demand for the US dollar. As the currency of last resort the dollar stands to appreciate with a Republican win. This is not a US based opinion but one found on a Hong Kong television station discussing foreign currency strategies. So the world sees a Republcian victory as a stronger US and a stronger currency a win by the Democrats will reduce the view of the US and its currency. So people that put their money where their mouth is should bet on the Republican victory because it projects a stronger nation to our enemies while a Democrat victory will make our enemies see us as weak. This election is more critical than we know vote Republican.

[longtermmemmory]

bump to hurt buffet and soros.

[GeorgefromGeorgia]

Two years ago two days before Bush was reelected, I moved a significant portion of my portfolio into equity mutual funds. That turned out the be a profitable decision. A few months ago, I rebalanced my portfolio from 2-1 in favor of equities, 35% equities. I am almost 59, and close to retirement. I plan to stay put, since I think even if the RATS take the House, it won't be by much, and the market should not tank!!

[12B]

You can pretty much assume that what Soros and Buffet say is their position is not necessarily what their real position is. Typically "I'm short Dollars" means "I went short Dollars two months ago and now I'm talking my book in the hopes that suckers will sell it down so I can buy them." Don't be a sucker.

[Alberta's Child]

I think your basic premise here is incorrect. The U.S. dollar is going to be circling the toilet for the next few years regardless of who wins control of Congress. If anything, I would expect the dollar to do better if the Democrats gain control of one house of Congress than if the GOP retains control of both.