The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: LTK007 who wrote (10488)	8/16/2008 2:08:55 PM
From: RockyBalboa	Read Replies (1) of 71455

I gather that the by far largest Pd producer is Russia. Is that they decided to cash in on on the rallye and others now to suppress the price of a rare metal which once traded as high as Platinum, in retaliation? Recently, annual Pd usage was on average, at production so no excess inventory was created. Its usage is in fuel cells, as well as catalytic converters for cars (car demand, and production has slowed; and emerging countries don´t prescribe converters as of now)... For the currency, there is talk that the credit quality in Central Europe is far worse than admitted (or anticipated). Meaning, wait for some fallout from there which hits western European banks and look for a real EUR dip trip... I did post that not all is fine in bubble land, eastern Europe earlier but there´s some "bad news" overdue! (A scenario in which the EUR trades 1.35 and then back to the 1.20s base can not be ruled out). If one looks at a raw material centric CTAs, like Superfund superfund.com one canh see that they have not taken profits. Meaning they can still be forced to sell even at todays prices... they earned nothing from the bubble. I´m happy not to own any.

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