Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.04

+0.7%

Jan 16 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Henry Volquardsen who wrote (13392)	6/18/1998 11:08:00 AM
From: philv	Read Replies (1) of 116867

Henry: US Monetary policy is heavily influenced by political considerations. This is true for most C.B.s. The Banks bow deep to their political masters. Greenspan/Rubin/Clinton. This complicates the already murky waters. Policy action is inherently intuitive. It has often been stated they don't trust their own numbers and research. China is a major headache for US monetary policy. The Yen must not be allowed to depreciate and cause a Chinese devaluation. The Chinese, for their part, will maintain their currency for other political favours, but exact a price on the world banking system. Support the Yen. Maintain your own currency. The call whether to inflate or tighten is therefore both an external political decision as well as fundamental national policy. Reading the entrails requires great skill. On another topic, the measly 2 billion dollars injected by the US had a huge effect on Asian markets. Psychology & Markets go hand in hand. It is hard to believe that so little can cause such a huge rally. Thanks for your stimulating arguments Phil

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next