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Pastimes : ClownBuck Deathwatch -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (2)	8/20/2000 10:36:27 PM
From: NOW	Read Replies (1) \| Respond to of 329

Given that the death of the dollar must be avoided, what say we trash Asia (round two) and Europe this time too for good measure...

To: patron_anejo_por_favor who wrote (2)	8/20/2000 10:48:22 PM
From: CYC	Read Replies (1) \| Respond to of 329

Tequila drinker, As a person who has been humbled by markets many times, I think you choose the right word in the thread title, "watch." We watch. If history is any guide, the event for a major market turning point often becomes clearly identified only in retrospect. For now, many things are in place, but we are only speculating as to what market players, or the currency market as a whole, will do in the future. ECB raising interest rate is another puzzle piece falling into place. The problem with that is if so many people know it or expect it already, it is less likely to be the trigger. If the decline of the dollar is inevitable, the picture will become clearer as time goes by. JMO.

To: patron_anejo_por_favor who wrote (2)	8/20/2000 11:10:38 PM
From: per strandberg	Read Replies (1) \| Respond to of 329

1) ECB has to respond to the rising inflation figures in Europe. Basically, I think they are happy to devaluate the Euro to protect the trade balance. It is strange that rising oil and commodity prices affect us so directly here in Europe, when there are no signs of inflation in the US. Could that have anything to do with how the calculations are done? Nah...out of the question! Unthinkable! 2) BOJ's first priority will always be to protect their export. With one hand they will gladly intervene and buy Dollars while the other is nudging the rate up, careful like hedgehog lovemaking, not to upset the ROI of all the money invested abroad. 3) As long as paper gold dominates over physical gold, the price can be kept down indefinitely. Just study the charts of the POG. As soon as the gold has rallied in Asia, it is immediately traded down in NY. The day of reckoning for the Dollar will come. Either the trade gap will close (and that has do be done with goods, not services, necessitating drastically changed exchange rates) or the outflow will increase until it grows into a deluge that will drown the Dollar.