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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: CharlieChina who wrote (51881)	7/15/2001 5:23:15 PM
From: Vitalsigns	Read Replies (3) \| Respond to of 62347

Nich You might like this article too. Just like Y2k created the maniac markets in the US as money was funneled into the system to avoid a crisis just prior to Y2K, it now looks like the US Dollar is having its own version of the pre Crisis up move as the Euro approaches its official launch. It appears that many european countries have hoards of Black money that needs to be laundered and can only use the USD to do so then wait until the Euro conversion in January to repratriate clean money. So it looks like we will see a much stronger US dollar yet. Look out next year though, you may see a rush of conversion to the Euro which will leave a sucking sound out of the USD stronger than the one heard when the feds pulled the Y2K infusion money back out of the markets last spring 2000. Add to that Japan needs to secure their own future , they will likely begin repatriating their money when the yen hits 135 . Why would Japan pull out money now when there is still more bad news to come and the yen needs to fall further yet. So for now, a very strong USdollar is in the works which means commodities priced in US dollars will remain week for a good while yet. and worst of all, any country pegged to the US Dollar will have to deal with some hard times until the situation reverts itself. news.ft.com Vitalsigns