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.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (14435)	6/19/2002 12:59:23 AM
From: ubetcha	Respond to of 80958

Bill, Do not think there is any absolute magic #. Everyone has been saying that $325 gold would set off the derivative time bomb. It came and went. If you owe the bank $100,000, and have $4. in your account are you in trouble? Only if the bank wants their money back, or maybe the bank is in trouble and does not want to write off the bad debt. What times we live in. Just remember---The trend is your friend, and go where no man has gone before. The US dollar may continue to fall, but remember that Europe and Japan are certainly not in the best of shape at the present time. The dollar could hold up because it is the best of the worst. Despite what our government is doing to us, the US economy is still vibrant and in the hunt. Despite all this, gold will see its day. Patience is the key. Remember that a watched pot does not boil. Tonight am full of Doug AK Euphemisms. Terry

To: bill who wrote (14435)	6/19/2002 7:27:25 AM
From: sea_urchin	Read Replies (1) \| Respond to of 80958

bill >the US dollar would be in serious trouble if the euro could reach 95 and stay there I think the USD is in trouble right now. As for 95 being a critical point, that I can't say but the chart, which makes new lows every few days, looks very weak. Obviously, the lower the USD falls, the greater is the US Balance of Payments deficit, the less inclined foreigners are to invest in the US (in fact, they will disinvest), and the lower the USD falls etc etc. As far as I can see, the only reason the USD doesn't fall even faster is that the Euro economy isn't great and Japan is still in the doodoo. So, no-one knows where to put their money --- and gold is a "no-brainer"! PS. I see I have said more or less the same as Terry has!