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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (68328)	1/21/2004 10:29:49 AM
From: Real Man	Read Replies (2) \| Respond to of 94695

Yep. It's got to stop, somewhere... I hope. So far, it's just rotation, from $ to Euro. Euro is not much better - they have been running budget deficits for a while as well. They are just big, as a whole. That was the whole idea behind the Euro - to make it reserve currency - and, since they are running high deficits, enjoy exporting inflation to Asia like US did. Nobody (foreign folks) is really worried - they just keep their eggs in 2 baskets ($ & Euro) instead of one. They could rotate back into $, for all I know. Gold is the real barometer of fear of fiat currencies, and it has been weaker than the Euro in the past 2 years. Gold bottomed in 1999 in Euro terms, but it did not make a new high since early 2002, I believe. US folks could not care less about the dollar at this point. We'll see what happens next, but I think gold should outperform Euro and any other currency, should any real fear about the global monetary system appear.