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

To: limtex who wrote (47625)	2/13/2002 9:28:32 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

been thinking about $ vs euro I still think (despite slow European economy) that the USdollar will slide slowly versus the new euro currency my view is not based upon comparative unemployment figures it is based entirely on the NEED for the dollar to come down in order for the US economy to recover with the aid of exports the world's major currencies are managed to a large degree much more than we choose to admit central banks realize that they can assist the world recovery by fostering a slight correction of dollar favoring the new euro did you notice that immediately after the G7 meeting in Ottawa, the dollar slid down limit in Europe on Monday ??? watch this continue concurrently, I expect ALL CURRENCIES to slide versus gold and silver for several centuries, gold was the standard since 1972 the dollar-dmark-jyen axis attempted to replace it in managed style that effort is failing to produce world economic stability failing with a big fat "F" grade gold in 2001 gained 20% vs jyen gained 15% vs euro gained 5% vs dollar gonna continue I hear you about German job market nobody can deny what you say but a 7-year dollar rally since 1995 needs some correction not a lot, but some and the balance of import/export require it we will see in the meantime, watch gold gain on ALL CURRENCIES the JPMorgan exposure suppressing gold price will only help in my opinion, the US economic recovery is impossible without the dollar coming down slightly, impossible it will involve a bitter pill, since US rates might rise, and US financial markets might suffer / jim