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To: SliderOnTheBlack who wrote (87514)2/16/2001 5:53:45 PM
From: SliderOnTheBlack  Respond to of 95453
 
Bill Seidman - just acknowledged that O'Neill is NOT an interventionist and acknowledged that the US Dollar will go down from here....

Duhhh.

I can not believe that the market is so slow on the uptake on this - but, perhaps not; maybe we are seeing lots of foreign repatriation and someone on CNBC just mentioned that foreign banks now have a short position in the S&P to a degree greater than anytime in the last 20 years fwiw.

... and NO ONE; had better underestimate what OPEC must do with their petroldollars shortly.

Crude WILL soften due to a slowing US, if not global economy and OPEC will take a simultaneous "double-hit" via a falling US dollar that they get paid in - for their oil.

They have allwys hedged to gold at these inflection points in all prior Oil Shocks... tic toc ~ got gold ?

Better beat OPEC to the Gold Party - because they'll be a coming...

I'm outta here & michael happless - this Bud's for you ~