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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (4143)11/18/2001 3:30:03 PM
From: SliderOnTheBlack  Respond to of 36161
 
duplicate - eom



To: russwinter who wrote (4143)11/18/2001 3:32:43 PM
From: SliderOnTheBlack  Respond to of 36161
 
["Look for a dollar devaluation when US unemployment clears 7% (won't be long, January?) in an election year. "]

...excellent post Russ - agreed & am expecting 7%+ unemployment.

Remember when the head of a US MFG Industry group called the US Dollar 30% "over-valued" recently ?

... what would a 30% decline in the US Dollar do for the POG ?

Saving the US Mfg base & corporate earnings requires the Dollar to be managed down... I'm sure Greenspam would prefer a slow, managed descent... not sure if he'll get one ~

Doug Noland, Jim Puplava, Kasriel, Stephen Roach & Bill Gross are all seeing virtually the same thing.

We're presently in - IRRATIONAL DENIAL ... (I guess that follows irrational exuberance)... soon; history & GOLD will teach us another lesson....

GOLD - when, not if...