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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (24518)	10/24/2002 8:20:59 AM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 74559

Elmat, as I posted earlier to DJ, I changed my view on the Euro following declaration of both France and Germany that their policy will not comply with the ECB directives. Hence undermining an already ill Euro. I now see the 1.15-1.2 USD for one EUR as less probable. Should make some DD on the Swiss Franc. If memory is correct: - abandon of the high gold reserves was in y2k (with sales of gold by the SNB as a result). - Switzerland is constitutionnaly impeached of joigning both EU and EUR, but the Swiss Franc is pegged to the Euro to a certain extent. In which currency to hide if one expects a weakening Dollar? All I have found till now is to play the Dollar against the Dollar deposited in Europe (Eurodollars) as my expectations are towards still lower rates in the US relative to Europe.