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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: philv who wrote (19446)10/24/2003 10:57:42 PM
From: philv  Read Replies (1) | Respond to of 81972
 
More firey commentary and challenges from Jim Sinclair

jsmineset.com

Wow, this guy is really on fire! Fun to read. As you know he is CEO of a mining Co. Tan Range. I know he is an acquaintance of yours Searle.

Even so, I always thought the gold market was much bigger than one man.



To: philv who wrote (19446)10/25/2003 8:11:29 AM
From: sea_urchin  Respond to of 81972
 
Phil > German Economics and Labor Minister Wolfgang Clement urged China and Japan to allow their currencies move more freely against the U.S. dollar, reducing the harm to Europe's exports caused by exchange-rate fluctuations

By this, I presume he wants the Yuan and Yen to strengthen against the USD and the Euro to weaken, and so promote more exports from Euroland. Everyone is looking to undercut the next guy in order to make a buck.

Meanwhile, the currency speculators and hedge funds are all attacking the dollar and they don't give a damn about who exports and who doesn't. And, when they are finished with the dollar they attack the Euro. And so on.

Brings to mind a nursery rhyme which was composed during the great (bubonic) plague of Europe. Now it's applicable to the great currency plague.

Ring-a-ring-a-rosy
A pocket full of posies
Husha-husha
We all fall down.