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Strategies & Market Trends : Natural Resource Stocks

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To: Ruffian who wrote (4289)	12/4/2003 9:49:47 AM
From: Jim Willie CB	of 108704

The Dow has actually has actually gone no where this year by Sol Palha [ME: HE FOCUSES ON SOUTH AFRICAN RAND, BUT IN EURO TERMS, THE DOW HAS DONE NOTHING IN DOWNTREND... WHICH MEANS, THE US INVESTORS ARE BEING DELUDED SINCE THEY VIEW IN LOCAL DOLLAR CURRENCY TERMS... BUT THE USDOLLAR IS IN STEEP DECLINE SLOW MOTION] Remember the Dow is really not doing much when priced in stronger currencies, this upward move is mostly the Dow re adjusting to the inflated dollar, so in effect it is really static and gives one the illusion that it is rising to new highs. If you really price it in a strong currency, all these fake illusions are immediately shattered and you actually find that the Dow is crashing silently while giving the impression that its going up. Currency collapses are insidious and dangerous and very hard to follow, that's why the masses are going to be handed their heads in a platter one day. The transition from all to nothing will occur very fast. gold-eagle.com / jim

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