Quote:
Originally Posted by $5 submissions
Say HELLO to the double dip recession. Once ITALY goes tits up, its GOODNIGHT, EURO, HELLO YEN.
There is a silver lining (pun intended) in all this... the return of the gold standard (or money being backed up by real world value)
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100.90 is next leg down for EURO/YEN which is currently is at 102.90 and has been probing for new lows.
91.33 is the October 2000 low on EURO/YEN
Return of the gold standard?
That works out real well for people holding billions of bricks.
For the rest of the people, it don't work out so good.