"History is a wonderful thing, if only it was true"
-Tolstoy

Monday, November 19, 2007

Sign of a bottom?

This is the sort of story that may indicate at least a short term buy on the dollar.

Yahoo! Finance: "OPEC Interested in Non-Dollar Currency- AP Iranian President Mahmoud Ahmadinejad said Sunday that OPEC's members have expressed interest in converting their cash reserves into a currency other than the depreciating U.S. dollar, which he called a 'worthless piece of paper.'"

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