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

To: Cactus Jack who wrote (3114)	7/24/2002 10:19:08 AM
From: Jim Willie CB	Respond to of 89467

Russell also says nothing on gold derivatives blowing up /jw

To: Cactus Jack who wrote (3114)	7/24/2002 10:34:03 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

gold is fighting hard to stay above #310, now #311 and the USdollar is struggling to avoid relapse the only trouble with CB intervention is that, like a hemorrhaging hospital patient, it requires constant transfusions if you stop for a few hours or days, the patient dies the USdollar did not fare well overnight it lost ground versus the JYen and DMark (let's call it the Euro since the Euro is to DMark what the Soviet Union was to Russia) this DEFLATION issue is a huge huge red herring if the USdollar falls another 10% this autumn, then foreign import costs might overtake the deflation cost decreases I expect the US$ to drop antoher 25% minimum by 2005 / jim