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Old 11-06-2007, 03:10 PM   #1
Sami
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To end all USD threads !!!!

To put an end to all of the USD threads... here is the main reason why the US dollar is sliding !

Oil.


Oil is at 90 something dollars/barrel right now.


Canadian dollar is going up because Canada has alot of oil in Alberta.. notice everytime price / barrel goes up the canadian dollars vs the US dollar goes higher?

When the oil returns down to 50 - 60 bucks a barrel you'll see the USD at 1.15 cnd.. and within after 4-5 years of pull out from IRAQ .. democrats in the white house... You'll see the usd vs canadian back to 1.30+

The price of oil isn't coming lower anytime soon in fact it will probably go higher with all the Iran talks so expect the USD to fall even lower.. I wouldn't be suprised if it hits 0.78 - 0.80 cnd.

Thats my predictions.
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Old 11-06-2007, 03:12 PM   #2
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your theory basically states taht the US economy is solely based on the price of oil... and that's wrong!
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Old 11-06-2007, 03:13 PM   #3
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Nope, oil rises because of USD, it's not USD sliding because of oil.

he he
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Old 11-06-2007, 03:17 PM   #4
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Old 11-06-2007, 03:46 PM   #5
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Quote:
Originally Posted by xmas13 View Post
Nope, oil rises because of USD, it's not USD sliding because of oil.

he he


was the chicken first, ... or was it the egg .... ???
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Old 11-06-2007, 03:59 PM   #6
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was the chicken first, ... or was it the egg .... ???
Why would rising oil prices lower the value of the dollar?
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Old 11-06-2007, 04:02 PM   #7
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Why would rising oil prices lower the value of the dollar?
wtf do I know ... I own a poultry farm ....
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