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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: 8bits who wrote (8747)7/6/2004 2:14:14 AM
From: ild  Read Replies (1) of 116555
 
Well, it is a real problem for US markets if Saudis still own many billions is US equities. With their relationship with US becoming worse they now must be taking funds out of USD. OTOH there are very few other financial instruments deep enough to park that big money without disruptions. The whole world is awash in USD. As a holder of gold stocks I hope a few more billions of paper money will spill into gold.
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