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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: SGJ who wrote (25551)12/16/2000 6:43:53 PM
From: marginmike  Respond to of 65232
 
The Europeans couldnt buy enough to make up the slack, and the fact is that the dollar is over owned, and being printed at a frantic pace. When the dollar declines the world will no longer have a safe investement haven. Remember a year ago people said the bond would NEVER recover, and Naz would go to the moon. Well it didnt quite work out that way did it? Gold has been in a 10 year bear market, when the impidous occurs and shorts scrable it will be an eruption. I am not saying buy only gold stocks, but a litlle is warented, especielly in these crazy volitile times.



To: SGJ who wrote (25551)12/17/2000 8:42:19 AM
From: edamo  Read Replies (3) | Respond to of 65232
 
qcoman..."if the dollar drops...europe opens its wallet"

first the eec is not one of the usa major trading partners, they are behind canada, mexico, and japan....

any substantial drop in the dollar will cause oil prices to increase in a proportionate fashion...remember oil is priced in dollars, and the opec charter uses currency conversion rates as a factor in oil pricing....stronger the dollar, the lower the cost of opec oil...