Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
sidhujag
on 01/09/2014, 20:30:38 UTC
Yea the dollar bullish scenario has been a long time coming but seems to be at bay because of the amount of printing that keeps going on.. so I think it may rise a bit but only before the next crash when rates rise 3x from here.. last time rates went low and rose they rose up about 3 to 4x the lows before the next bubble burst... This time its already so low that rates going to a few percent may be too much.. and thats when the confidence in the system breaks and we enter a new era.. hopefully a crypto currency backed financial system.

I generally  agree with the viewpoint that usually all the permabulls are wiped out before it really rises.. which is why gold/silver are headed down since retailers are still long.. however bitcoin seems a little different because we are in the early adoption phase and if we look back we would be laughing at the fact that we were able to buy bitcoins in double digits.. and it didnt stop the rise from $50 to $1200 when there were plenty of people along for that ride and not just smart money.