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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (47451)	2/6/2002 9:43:16 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

reason for gold move: G7 will agree to devalue USdollar they meet in Canada this weekend gonna have untold unexpected consequences: - higher US interest rates is unavoidable - accelerating slide in US real estate from higher mortg rates - foreign selling of US stocks and bonds first a move from dollar into gold then later a move into new euro bitter medicine for US leaders who are in a big ugly corner never before has US seen a recession with such high dollar unwind the dollar, take our financial markets down another notch expect our leaders to get bogged down by unexpected consequences currencies are dangerous and full of pitfalls never do they act as anticipated, never eventually though, good for US exporters and our competitiveness, which will aid a real recovery / jim