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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (23260)	12/12/2004 2:24:58 PM
From: Proud Deplorable	Read Replies (1) of 110194

Mish...itonly means one thing to we that want to see gold go up and if that means the USD goes down then so be it. As you suggest, a lot of this is nonsense anyway but I think thei rconcern is that if they enter into contracts to deliver oil forward in USD that its value declines and they get ripped off. I can understand this. From our standpoint, anything that psychologoically damages the dollar and sends it down is good enough for me, and it would appear good enough for the Americans as they imagine that a "strong dollar" which means a weak dollar, will boost manufacturing and jobs. Let them imagine more and more. "If Nigeria wants to hold Euros all it has to do is sell US$ and buy Euros." Exactly, and the more countries dump the dollar the higher in dollars gold goes. So it DOES appear to matter to us.

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