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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (1006)	3/12/2003 12:30:51 PM
From: philv	Respond to of 1210

The long term trends are still very much in place. Stock markets around the world are tanking. The DOW stands out like a veritable mountain of strength compared to major European and Asian bourses. The US$ continues to be weak, and the dis-united European currency with all their massive internal problems looks like a mountain of strength in comparison. Despite severe economic problems in member countries (German unemployment @12%) and their market down 25% in the last couple of months alone, the Euro is soaring. How is that possible? South America is a basket case, from Mexico on down. Gold's decline in the face of the above is unexplainable except for the smoke and dust and confusion surrounding the outcome of the upcoming war (there may be a better word). And stocks are controlled by the funds and short sellers for the same reason. A similar pattern exists in the oil stocks. The salvation and answer to all problems economic and otherwise is the successful outcome of the "war". Soon, all will be well, the markets will soar, and you can all dump your gold and hold US dollars. Yeah! Go fiat! Watching these weapons of mass delusion being successfully deployed is awesome. Have another look at this: stockcharts.com Phil