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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (1045)7/1/2002 3:35:20 PM
From: t2  Read Replies (1) | Respond to of 89467
 
Jim, Looks like Dollar is being held up today to give some sort of support to the markets.
I would say the movement of the gold stocks is signalling that the dollar is about to tumble and that FED/European/japanese attempts to hold it up like they did on Friday will be short lived.

To see the dollar bounce while stock market tanks is unusual given recent trading of the past month. That hints intervention to me.
Of course the other reason to suspect this is seeing the trading in the golds today.

Euro should get to 1.10 very quickly, imho. I am actually hoping for a bit of a recovery before the next leg down....going with the George Soros bet that the dollar has 30% decline from current levels.

Are these people stealing your ideas.<g>