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

To: Jim Willie CB who wrote (51250)	5/10/2002 10:58:50 AM
From: t2	Read Replies (1) \| Respond to of 65232

JW, Gold held around 310 because of options expiration today. Will see which way it moves Monday. What would be interesting is if there is enough buying interest to break free of the 310 level. kitco.com

To: Jim Willie CB who wrote (51250)	5/10/2002 11:01:38 AM
From: t2	Read Replies (1) \| Respond to of 65232

Euro-Dollar parity coming... questions on Yen moves the Yen is the bigger mystery to me the Japanese Govt and US Govt are equally culpable in running the monetary printing press 24x7 at a criminal rate I read the Yen money supply has also grown by 30% in the last year plus, just like the Dollar ...and they all want to keep their currencies weak except the Europeans. If one considers gold an alternate currency, it has to go up significantly in this environment. Dollar is going to weaken no matter how hard they try to keep it high levels. All bubbles burst; and a lot of bag holders are going to be the Asian central banks that have build up reserves after the late 1990s currency crisis. That is why my theory is that they will try to reduce dollar reserve before their neighbor countries do it...creating a possible run on the dollar. The appetite for US dollars is just not there anymore and with the huge trade imbalance, dollar has to drop. Appetite for Gold is still in the early stages as I see it.