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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (68328)1/21/2004 10:29:49 AM
From: Real Man  Read Replies (2) of 94695
 
Yep. It's got to stop, somewhere... I hope. So far, it's
just rotation, from $ to Euro. Euro is not much better -
they have been running budget deficits for a while as well.
They are just big, as a whole. That was the whole idea
behind the Euro - to make it reserve currency - and,
since they are running high deficits, enjoy exporting
inflation to Asia like US did.
Nobody (foreign folks) is really worried - they just keep their eggs in 2
baskets ($ & Euro) instead of one. They could rotate back
into $, for all I know. Gold is the real barometer of fear
of fiat currencies, and it has been weaker than the Euro
in the past 2 years. Gold bottomed in 1999 in Euro terms,
but it did not make a new high since early 2002, I believe.
US folks could not care less about the dollar at this
point. We'll see what happens next, but I think gold should
outperform Euro and any other currency, should any real
fear about the global monetary system appear.
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