On 29/07/07, [EMAIL PROTECTED] <[EMAIL PROTECTED]> wrote: > Hello Jerry, I trade forex. Since 1st Jan 1985, the US$ has fallen from a > peak of 2.8490, to 1.2083 points(as of yesterday,) a total of an amazing > 16407 pips! Of late the Chinese move to sell their dollar reserves and buy > euros has made things worse. Makes me wonder what will happen to the US > economy if this goes on, or if any of the ZPE initiatives take off.... > Orlando
COMMENT: Hello, big boy FX trader ! You have not said which currency the USD has fallen against from 2.8490 to 1.2083. The USD will continue to be the World's premier currency for International trade; talks about the Euro taking some of the strain are premature. Time to buy USD and big time...average out, buy a set amount against your local currency every month and I think you will come out okay! If the USD falls your currency buys more every month....at some point it will turn and you will make a killing. Now I am putting my reputation on the line... having been Chief dealer of an American Bank. -- DEV BOREM KORUM. Gabe Menezes. London, England
