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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (17061)	12/30/2001 5:10:49 PM
From: KyrosL	Respond to of 99280

>>the discipline of the Euro ... absolute non sense, IMTO ... There is some justification in considering the Euro more disciplined. The ECB is charged just with guarding the value of the Euro by keeping inflation down, unlike our Fed who has the tough job of both keeping inflation down and the economy growing at its full potential. As a result, the ECB cut rates much more hesitantly than the Fed, because European inflation was above its "target" of less than 2% -- the Fed has no formal inflation target. In addition, it seems that the ECB is much less susceptible to political pressure than the Fed, primarily because it is almost impossible for all the European governments to coordinate and apply such pressure. In the US the Fed chairman seems to be reporting and be questioned by Congress quite often. So, although I think that the US economy is more dynamic than the European economy, I believe that the Euro may hold its value better than the dollar in the long term.

To: Zeev Hed who wrote (17061)	6/22/2003 3:27:58 PM
From: Kaena™	Read Replies (2) \| Respond to of 99280

Well do you understand it now Zeev? Sorry you missed all the huge gains in gold stocks. <Message #17061 from Zeev Hed at Dec 30, 2001 4:19 PM Kaena, any reason this time is the time that gold finally makes it through $300? I see no trigger o cause that. Surely, with the new availability of another "strong" currency like the Euro, why would money flow to Gold? Backers of the Euro "advertise" the discipline of the Euro even implying equivalency with the "discipline of gold" (absolute non sense, IMTO). Unless the US dollar drops sharply (and I do not see a trigger for that either short term, or until monthly balance of payments blows again through $40 B monthly) I see no reason to be in gold (unless you are in for a run between $270 and $285 or so...). Zeev >