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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: isopatch who wrote (74211)9/24/2000 6:23:24 AM
From: BigBull  Read Replies (2) of 95453
 
OT Iso, watch the Won (S Korean). The intervention on behalf of the Euro was only the initial and first step to halting an unfolding currency crises. Anti inflation people can rationalize away the price of oil if they wish. But, simply put, the recent currency crashes threaten runaway world wide inflation. Gold is on the verge of of a major bull market break out in almost all currencies in the world today. The US will be forced to accept it's fair share of the inflation pie. Ie. Summers "strong dollar" policy is almost over. Any more "strong dollar" nonsense will lead to a currency induced financial panic. Asian currencies are still heading down, even though the Euro has be given some respite. If the Won cracks in the next few days the world wide currency crises will be upon us in full flood. The Won is the last finger in the dyke. The dollar MUST go down against all currencies or it's the Devil to pay ;o{

Summers is playing a very dangerous game. Slider was right, Rubin got out when the getting was good. I wonder if Washington has it's eye on the ball? Election blinders on? If the Dogster thinks an oil crises is coming soon, wait till he get's a load of a full blown currency crises. We stand at the precipice of one right now. BWDIK JMVVHO.
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