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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (18846)	8/31/2003 11:12:09 AM
From: loantech	Respond to of 39344

<I doubt he gives a Rats A__ about what Russell thinks or writes> lj, Greenspan may not care but the Corporal in the novel King Rat would sure care about a Rat's ASS. LOL LOL. tom

To: Little Joe who wrote (18846)	8/31/2003 1:28:50 PM
From: E. Charters	Read Replies (1) \| Respond to of 39344

Green Eggs and Ham's best frend is Mr. Low Dollar. Why? 1. Cause US has enormous Asian trade deficit. Low dollar belps Asians buy US goods. 2. Low dollar makes US paper look good. Attracts foreign capital that has kept the US competitive. 3. Low dollar makes US T-Bills pay weak interest. Whoops! Something wrong here... and with all those T-Bills out, it has to make Greenie nervous.. what about a cash in..? Well if the T-Bills stay stateside it ain't so bad, and they pay better interest than banks do in Japan, still. 4. Low dollars multiply faster, and while they seem to suffer in comparison to overseas paper, they print fast enough to pay back debts easy in the long run. High gold emphasizes the low dollar, which Greenie may not be so shy about advertising. It encourages visitors with money. Don't expect the US to get nervous about gold price. They have 8500 tons of it, if they need cash short term. Canada has lowered interest rates recently. If the Alliance gets elected this next spring (a vote for Harper is a vote for clear vision) they may try to get the US to go back to limited tit for tat tariffs rather than get into a messy trade war. They always said they supported free trade, but it obviously isn't working out for the west, their support base. The States needs tariffs, perhaps a signal that Canada could use them too. You don't want to choke two way trade too much, though. Probably hurts the US as much as it helps. Look at Steel. Steel Tariffs have savaged the US steel industry as their manufacturers with steel are more important than their steel makers. I figure the way to get the alliance elected is to sell the Quebecois that consitutionals are for health and excercise, indepedent thinking demands a party that recognizes freedoms, and that would include cultural ones. Imagine that, Alliance members from PQ. Why not? And now back to our regularly scheduled program, the price of gold in New Mexico. EC<:-}