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

To: Cogito Ergo Sum who wrote (52453)	7/27/2001 3:10:45 PM
From: Vitalsigns	Read Replies (1) \| Respond to of 62347

Kastel Here's another good article just came across the wires. Seems the US dollar is the talk of the town last few days. Are they preparing the public ahead of its decline? Seems there are two sides to this argument but the most glaring one of all is this one : --Any significant change in the strength of the dollar risks upsetting financial markets around the world. The United States absorbs a record 64 percent of all capital flows in the world today. So a 1 percent shift in global asset allocation away from the dollar would amount to a $300 billion outflow from the United States, according to Deutsche Bank research. Seems to me , all we need now is a Greenspan ' irrational exuberance speech ' to nail the US dollar of its perch. We may witness 2 bubbles bursting within a 2 year period. We may not have to wait long to find out, Come Feb 2002 the Euro is officially the only transaction currency in Europe , those who bought US dollars ahead of the conversion date will return and most likely return ahead of the official launch date. So counting down like Y2K that leaves us 6 months .....tick , tick,,tick , news.excite.com Bottom line, we have not seen the lows in these markets by far , call it sideways choppy if you want , but generally in a few months we will be down from where we are now . Looks like Greenspan is once again found himself painted into a corner. He escaped the trap last time because he had room to lower interest rates. That is no longer a working policy , what next?