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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: PAUL ROBERTSON who wrote (11899)	8/28/2001 12:18:17 PM
From: sea_urchin	Respond to of 80966

Paul, I have no models that forecast the USD directly. In fact, all my models depend on the strength of the various currencies against the USD. Apropos the main countervailing currencies to the USD, namely the yen and euro, although I foresee the yen still falling to about 130, I anticipate euro could strengthen slightly, maybe to dollar parity. Therefore my assessment is for a neutral to strongish USD. Gold has been in a secular bear trend (for the past 20 years) against anything you name. Unlike our guree, I can't see any breakouts --- that is, unless something dramatic happens to the USD, which I don't envisage. I might add, when I recommended the purchase of gold shares earlier in the year, I prefaced this by saying I did not expect the increase in gold share prices would be driven by a significant increase in the gold price. I still hold that view which means, presumably, that gold shares could offer value at a relatively fixed gold price.