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


To: TheBusDriver who wrote (7482)2/9/2002 10:37:43 AM
From: Louis V. Lambrecht  Respond to of 36161
 
Wayne - G7, actually G8 (Russia is observer).
Put the forces:
Britain : tied up with the 1999 Washington agreement ob gold.
Russia: alledged to be hamstering the metal.

Leaves the Dollars (US and CA) against the gold bugs (FR, DE, IT, RU)

With two jokers: UK and JP.

G7 usually releases the news before Tokyo open.
See ya Sunday 8 p.m. ET. Game should be delt by then.



To: TheBusDriver who wrote (7482)2/9/2002 12:24:52 PM
From: gold$10k  Read Replies (1) | Respond to of 36161
 
Wayne,

Thanks for posting that piece from the Privateer. It really clarifies the situation.

Best,

vt



To: TheBusDriver who wrote (7482)2/9/2002 2:50:24 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 36161
 
Wayne:

Thanks for posting the PRIVATEER analysis.

I would add that the rising anti-US sentiment in many parts of the world (and especially Europe with huge holdings of greenbacks) is potentially extremely bullish for POG. There was widespread support for the US response in the aftermath of 9/11, but with the Taliban ousted and Bush now using 9/11 as an excuse to seek what many consider to be world domination, this support seems to have fallen off dramatically.

The dollar is going to get trashed badly at some point if this trend continues. And probably sooner rather than later. A sharply lower dollar would make it much more difficult for Bush to proceed on his current course.