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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (11302)	5/21/2003 4:44:06 PM
From: Silver Super Bull	Read Replies (3) of 39344

RW, Your views are very interesting, as always. RE: "The fact that bonds keep rallying seems a little inconsistent with a major capital outflow theory?" My thought is, if this is a major bond blowoff (and I think there is a 2/3 chance it is) bond prices could see a major reversal in the near future. Under that scenario, as well as that of a declining stock market, the "capital flight" idea you mention may indeed be unfolding? As far as the general stock market goes I am ultra-bearish ("Kodiak" sized), especially at these price and valuation levels. I have two questions concerning the US Dollar decline. First, assuming the U.S. has changed its mind (now wanting a softer USD) why now? What has changed the mindset? And second, what is the targeted level? A truly "soft" dollar, and the benefits it would provide, could be a lot lower than most people would guess. Dines has talked about a "Coming Competitive Currency Devaluation." A very interesting theory, to be sure. Basically it could engender a race to the bottom, so to speak. DB

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