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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (17502)	8/19/2002 9:54:44 AM
From: Jim Willie CB	Respond to of 36161

why positive on CRB? a few reasons 1. huge continued MZM infusions by the Fed rarely go where they intend... they control the spigot, not the direction... the path of least resistance not only for investment returns, but also speculation, is now in commodities 2. food prices might continue to rise steadily as drought conditions and water issues abound... in time the USA might stoop to using it as a weapon in trade and geopolitics... hasnt happened yet in our recent history, but given enough pain and stress, it could 3. both MZM and slipping dollar point to rising commodity prices, which are largely produced in non-dollar foreign economies... only South America provides a currency advantage 4. MidEast/ Arab/ Islamic tensions are not gonna disappear... just when many thought crude oil would pierce critical $25 mark, it rises to $28+ on Iraq mess... but it could come down just as fast 5. commodities are limited in many domestic sectors by govt and regulatory agencies, which should constrain supply on a continued basis... we learned ABSOLUTELY NOTHING from the California electricity problems, which now threaten both Arizona and Oregon 6. the dollar downtrend should continue, and as it does, the CRB downtrend will be broken, just like gold... I believe gold is a leading indicator for the entire CRBM / jim