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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (81799)	2/9/2002 4:06:48 PM
From: t2	Respond to of 116805

RE Dollar, If the US economy continues to deteriorate investors abroad may bail out,Japanese banks facing liquidity problems may sell US bonds and maybe most of all ,continued accounting scandles may scare away investors.Faith in bookkeeping is quite litterally the cornerstone of capitalism. That implies that investors will sell the dollar and buy Yen or Euros. Euro might strengthen a bit though. Against most other currencies, the dollar should remain strong, imho. However, if you consider Gold a currency:--then Gold rising against the dollar is very plausible. That is what I am expecting. People want a safe currency and right now it is the US dollar...maybe there is now enough demand for this alternate. I guess if Japanese sell dollars and convert to Yen and then buy gold, there could be some weakening..that is a possibility. So maybe the dollar can weaken.<g> I think gold is going to continue rising in price. This time it did not retreat like back in September. It just might be different this time. jmho