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

To: Clappy who wrote (51849)	5/21/2002 2:43:19 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

dual dollar would be disastrous, but inevitable check GoldEagle.com for editorials I will try to find it for you also but it aint high priority the Treasury Dept announced it in March 2002 they might attempt to put some positive spin on it like they are countering Saddam's counterfeiting of $50B/yr my interpretation is that the foreign dollar would be an instrument that is allowed to become seriously devalued, in order to write down the $6,000,000,000,000 in US debt I prefer to write with all the zeros instead of $6 trillion foreigners own 44% of USTBonds they will get screwed just like the Arabs did in the late 1970's the world remembers a writedown on foreign dollars will definitely cause huge harm to domestic dollars, but but but.... the Federal Reserve will continue to print more domestic dollars I cant wait to see the beautiful orange tinted colored tones it will remind me of the Monopoly Money the new FedReserve job will be to manage both dollars I expect the foreign dollar to drop 30-50% in value I think it is a sham travesty crime that will not work I believe the US domestic dollar will trade with parity to the foreign dollar the direct consequence would be sharply rising long bond yield and higher domestic interest rates it would kill the mortgage business, and real estate but I see all this as inevitable during our US Debt Liquidation here is a screaming laugh Disney Dollars are holding value slightly better than USdollars now / jim

To: Clappy who wrote (51849)	5/21/2002 3:17:04 PM
From: t2	Read Replies (1) \| Respond to of 65232

Dollar index should bounce off from 112 bwdik. That seems to be the level it hit ther September lows. It might be time to sell some Golds and buy them back on the next dip. A dollar bounce will hurt gold stocks. On the other hand: To break below 112 near term, there has to be panic selling of the US dollar and bond/stock markets very soon. Actually that could happen given we are heading into a holiday weekend...and the fear of terrorism may be heightened (just saw the cnbc report on NY police issueing terrorist alerts for NYC). That is why I am undecided about reducing my gold holdings...might wait til thurs/friday. Still very bullish on Gold simply because I am bearish on the dollar. 1 Year Chart. quotes.ino.com