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

To: Crimson Ghost who wrote (66936)	4/3/2001 1:55:12 PM
From: Rarebird	Read Replies (2) \| Respond to of 116762

On Thursday, March 29, 2001, in the face of almost universal expectations, the ECB (European Central Bank) once again decided NOT to tamper with European interest rates. This came as the Euro (and all other major global currencies) were in an accelerating fall against the U.S. Dollar. On a trade-weighted basis, the U.S. Dollar is now at 15 year highs. The worse the economic and financial situation in the U.S. gets, the higher the Dollar was going till recently. Here are a few facts: The U.S. is the world's largest external debtor. Its annual trade deficits are larger than the GDP of quite a few nations. Its citizens have no savings and are bowed under enormous amounts of debt. Its stock markets have been savaged for over a year. Its corporate profits are, at best, falling sharply and, at worst, no longer exist. You want to know where the US Dollar is ultimately headed? Down Down Down like the NASDAQ. Got Gold? Got Guns? Got Guts?