Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: Louis V. Lambrecht who wrote (59067)	5/8/2002 10:23:34 AM
From: stan_hughes	Respond to of 100058

LVL - I keep saying it, truth is stranger than fiction. The funniest part about the Moody's rumor is that the report went on to point out that if Japan was downgraded those 2 notches, it would be on par with Botswana. No wonder the contrarians finally want to buy the Nikkei, things can't get much worse than your economy being compared to Botswana. Anyways, the bottom line is that gold is not going down per se, just that the US dollar is going up courtesy of a temporary capital rush away from Japan in an attempt to avoid the downgrade risk. Gold is just getting sideswiped in the process - we all know it won't last.