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

To: TobagoJack who wrote (44332)	1/5/2004 9:51:46 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 74559

You say madness like it was a bad thing. Being nuts gets me through the good days as well as the bad. Yo want something more sedate? Try T.FSR, silver producer, somewhat illiquid, but with good upside potential. You want real madness? I got more..... CD

To: TobagoJack who wrote (44332)	1/5/2004 9:53:27 PM
From: rolatzi	Read Replies (3) \| Respond to of 74559

Honduras is a wonderful place to vacation, and at one time, I considered buying a house on one of the Bay Islands of Honduras. I did think better of the idea and finally bought a vacation house closer to home. I sold my PAAS, about a month ago, bought and sold some SSRI (no real profit unfortunately) and finally settled for some more PAL (North American Paladium) which has kept up quite well with silver shares but I don't yet see any action on the metal itself. This is a little troubling though the price of Platinum has certainly been moving along. Ro

To: TobagoJack who wrote (44332)	1/5/2004 10:21:22 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 74559

Jay.. Dave's been reading your volatility --- crisis thing again LOL... but I'd agree with his assessment and codicil... :o) I'm also silver poor at the moment but can't find much that merits selling... I suffer from a lack of liquid funds at the moment.. regards Kastel

To: TobagoJack who wrote (44332)	1/5/2004 10:45:48 PM
From: elmatador	Read Replies (2) \| Respond to of 74559

Jay must be smiling packing his bags. Gold becomes refuge as dollar fall continues By Jennifer Hughes in London and Alan Beattie in San Diego Published: January 5 2004 9:40 \| Last Updated: January 5 2004 18:11 The dollar began the first full trading week of the new year with new lows against a range of currencies after official comments underlined the US authorities' lack of concern with the currency's fall. Gold prices rose to their highest levels since 1990 as investors sought assets that perform well when the dollar is weak. Speaking on Sunday, Ben Bernanke, a governor of the Federal Reserve, said that the risk of a crisis sparked by a rapidly falling dollar was "not zero but quite low". Echoing remarks by Alan Greenspan, the Fed chairman, Mr Bernanke said the growing sophistication of international financial markets and the flexibility of the US economy should help to make any fall in the dollar manageable. In spite of the dollar's slide, there are few signs yet of a panic in financial markets, with bond and stock prices remaining high. It was also in the interests of the US's trading partners to avoid a dollar crisis, Mr Bernanke said. Currency strategists said categorising the risk of a crisis as low acted as a green light for traders to sell the dollar. "One could characterise US officials' concern, including Mr Bernanke's, for the dollar as benign neglect," said Marvin Barth, global currency economist at Citigroup. Mr Bernanke also noted that on a trade-weighted basis, the dollar remained above its 1990s average. Measured on this scale, the US currency had fallen just 12 per cent since 2002. Last year the dollar fell more than 17 per cent against the euro and 10 per cent against the yen. The euro on Monday reached a record high of $1.2695, while sterling climbed more than a cent to more than $1.8085 for the first time since 1992, when it crashed out of the European exchange rate mechanism. The pound has risen by 20 cents against the dollar since September. "Traders are asking themselves why they should expose themselves to dollar risk when they're looking to bonuses being distributed in the next month or so," said Neil Mellor, currency strategist at Bank of New York. Currency interventions For more on Japan's actions and other central bank interventions Click here Even after heavy intervention by the Bank of Japan during Tokyo trading hours to limit the yen's rise, the dollar on Monday fell to a three-year low in European trade at Y106.1. Read more on BoJ's latest intervention. Gold rose to $424.45 on the spot market, its highest level since February 1990. The metal traditionally trades inversely to the dollar because investors view it as an attractive monetary asset when the dollar's value becomes risky. "Upward pressure on the gold price is likely to continue through 2004," said Alan Williamson, precious metals analyst at HSBC. He forecast the euro would be worth $1.35 in the third quarter, implying a gold price of about $435 an ounce. Additional reporting by Kevin Morrison