Re: icd/Silverbear/LCT

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In Response To: Re: icd/Silverbear/LCT ()

Insider,
I'm still short the Euro (EUO) from last Wednesday when the $XEU broke down. Long the USD. I still think that there is more upside to the USD. Lostcoasttrader put a good chart up - could be headed to 120.00.
Huge built up demand for the USD from Europe. US corps. doing business in Euroland are moving out of the Euro - and their QE part 1, will force it even lower.

OIl will continue to weaken - not sure where the bottom will settle - but you might see mid to low $ 30.00's. The stronger USD will add further pressure...

Best!

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