Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: yard_man who wrote (25112)	12/6/2003 8:14:50 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 39344

those commodity prices already float with respect to our currency. Yes and of course the trend is down for now which is evident by plotting ratios of gold or oil against other currencies. Gold down, oil down.. purchasing power up... But "re-pricing" their commodity exports in terms of euros or renimbi ? While technically moot it is tantamount to an attack on the reserve status of the USD no ? Psychologically speaking that provokes a lot of uncertainty which is sure not good for markets. Even up here we can see signs which may be isolated for now.. 25% of its current net daily crude oil production for the period January 1 to June 30, 2004 at a fixed price of Cdn$39.30 per barrel. biz.yahoo.com I think many folks still see the USD like they did Nortel @ 70$ Canadian... it's gonna come back.... Someday it will... Regards the renimbi isn't that truly moot until they decouple. Part of the problem with reading Coxe is that you need to read him regularly. Once isn't really the whole effect. He's more like an old time radio serial... gold can still rise against currencies in general it has to or it's just a US problem in the end and I'm ultimately wasting my time.... We already know that gold has been a crappy investment for much of the world this last year.. Good reason to have some energy trusts paying you to wait which we'll need notwithstanding.... regards Kastel