VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Clappy who wrote (51845)	5/21/2002 2:19:58 PM
From: Jim Willie CB	Read Replies (2) of 65232

yes, dollar bounces after falling a little more to 111 I was razzing you about agreeing with me I am late to the party on investment side this winter I became a believer in the 10-yr commodity bull I wasted some time and money on oil/gas oh well we are in agreement but I see 360-380 by year end on gold price and a possibility that it could get out of control upside my fears are few, but big: - establishing a windfall profit tax on gold holdings - a stupid attempt to seize privately held gold - a sinister creation of a dual dollar system the dual dollar is a fait accompli, done deal Treasury is in the process of creating a foreign dollar, domestic dollar they are preparing for a possible and likely large devaluation which will be a screwjob to foreigners if that happens, or when that happens, I expect US longbond yield to rise substantially / jim

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