Hi, Ken...it's allright with me that gold is standing up to the usually suspects who like to denegrate it, including Barron's/Kudlow/MoMo m/f managers and the like.
What puzzles me is this, however: the Euro hard currency conversion is coming like a freight train, 1Q02. The dollar, gold, and diamonds have ALWAYS been a safe haven...why the US$ would be talked down at THIS juncture when its "desireability factor" is so high globally --only 30% of US currency really is within the domestic shores last statistic I read which is a little stale--this talking down and racheting down MAY be for real, and at a very very queer time, even tho' I've been a EURO conversion watcher for what, 6 years now?
What do YOU make of the new weak $ policy? It sure as hell is obvious to me that this interest rate cute gig isn't working its magic, and strong $ policy is killing us in the export arena, and people out of work here in the sexy jobs aren't spending which pulls in every OTHER nations imports, so it is a complex picture.
I'm interested in hearing your take on the potential US$ peaking in here at THIS conjuncture.
Regards,
gold_tutor |
