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Gold/Mining/Energy : Gold Price Monitor
GDXJ 128.04+0.7%Jan 16 4:00 PM EST
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To: IngotWeTrust who wrote (7877)2/25/1998 8:31:00 PM
From: PaulM  Read Replies (1) of 116874
 
One always has to look below the surface. I really have no logical explanation for the opposition to the currency board, since a stronger Rupiah would seem to make it more likely that foreigners get paid.

Only two possibilities I can think of:

1. The IMF is actually telling the truth. Indo isn't ready for a currency board. Which will lead to huge borrowing costs, which will lead to too many bankruptcies before the foreigners get a chance to restructure their debt.

2. Less likely: the ANOTHER conspiracy scenario. The Asian currencies must remain weak, or else they buy too much gold, which will eventually expose a physical shortage, which will cause POG to skyrocket, which will cause oil to skyrocket, which results in a depression of sorts.
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