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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Alex who wrote (52899)	5/18/2000 3:06:00 AM
From: PaulM	Read Replies (2) \| Respond to of 116791

Is it just me, or is it obvious we're seeing the beginning of the worst financial crisis since the 30's? Take a look at a chart of every major currency in the world right now--they're all are approaching multi-year lows against the dollar. That means massive capital flows into the US--even wider flows than during the Asian financial crisis. And even with these "safe haven" flows, US stocks and bonds are falling and the dollar isn't keeping up with oil and other commodities. If the coordinated efforts of the entire world can't keep the dollar stable against real stuff, what will become of other currencies? I don't think we've ever seen greater potential for a flight into real assets. P.S. Considering the strength of the dollar, and considering it's legal tender status in the world's most important economy, gold's performance in the face of all this as well as cb leasing and selling actually bears out the market's clear preference for this real money. P.P.S. Hold onto your gold. I just don't see much room left to manuevre.