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Exchange traded fund to reflect Swiss Franc in USD
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rzld36 (99.85) Submitted: 7/11/08 1:26 AM : Start Price: $98.27 FXF Score: 4.10
Since the year 2001 the US Dollar Index has declined from 121.70 down to today’s 7/10/08 intraday spot price of 72.47 and that equates to a 40% loss over a seven year period. Meanwhile the Franc has rallied from a low of 55.00 all the way up to today’s intraday spot price of 97.74 and an 88% gain. This trend will continue until it doesn't, but it makes cents to have some francs these days. Financing the fed window for the banks, the war, and the multi-Billion in daily interest of our national debt cost dollars and those dollars being printed daily add to the money supply. If you think this is going to stop soon or better yet reverse trend then go ahead and short the franc.
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