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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Robert Douglas who wrote (3503)	1/27/2003 5:56:17 PM
From: X Y Zebra	of 3536

but the biggest moves need to happen against currencies that are fixed like the yuan. The euro may have gone far enough in the short run, especially considering the poor state of its principle economies Yuan/USD Is it not the intent of the Chinese government to keep the YUAN low ? by fixing it to the dollar, (now that the downtrend of the USD is accelerating), it seems to me that the Chinese would not be motivated to de-link the USD or ? The Euro I agree with what you said. Which would lead me to think that the Bull market in gold is getting stronger and may accelerate at the same speed as the dollar loses value ________________________ Some predictions that do not sound too comforting... 321gold.com The USDollar now faces serious challenge, against a backdrop whereby Kurt Richebacher of the Austrian School of Economics has proclaimed that no middle ground exists between a strong dollar and a collapsing dollar. He contends that retreat from the commitment of an official strong dollar will set into motion forces that ultimately collapse the dollar from sheer massive momentum and insolvent fundamentals. Newly appointed Fed Governor Bernanke's clear speech on planned monetization of debt, thus subjecting the dollar to sacrifice, identifies a watershed in formal posture toward the dollar. Replacement of Dept Treasury Secretary O'Neill with Snow only confirms that watershed event. While the majority of experts seem to believe that a lower dollar will make strides toward solving our economic problems, the threat of a USDollar Decline Vicious Circle now stares us in the face. A lower dollar cannot be achieved without risking the treacherous effects of a declining dollar, unleashing powerful forces inherent to such dynamics of change acting upon extreme imbalances. The majority of leaders, experts, and pundits seem loudly clueless as to the risk of this vicious circle. It is the natural flipside to the virtuous cycle enjoyed in the past decade with a rising dollar.

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