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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: George8 who wrote (7399)	6/2/2004 8:58:10 AM
From: orkrious	Read Replies (4) \| Respond to of 116555

According to the article, precious metal (gold & etc.) and shares prices will shoot up in the face of rising interest rates mainly because of panic and not knowing what to do. Does it make sense? It makes perfect sense. look back to the 70's the last time there was a gold bull. what you need is a steep yield curve and negative real rates. a weak dollar also helps <g>

To: George8 who wrote (7399)	6/2/2004 11:13:03 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

I think gold will go as the reverse of the US$. Over the long haul I do not see any reason for the US$ to be strong. Over the short term, who knows M

To: George8 who wrote (7399)	6/2/2004 12:32:55 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Kuwait ready to raise oil output by 100,000 bpd in mid-June Wednesday, June 2, 2004 1:44:01 PM BEIRUT (AFX) - Kuwait is willing to increase its oil production by 100,000 barrels per day by mid-June, said the country's oil minister, Ahmad Fahed al-Sabah The minister told reporters that Kuwait had a spare capacity of 100,000 bpd and is willing to use it "by the middle of this month," raising its total production to 2.5 mln bpd fxstreet.com

To: George8 who wrote (7399)	6/2/2004 12:37:30 PM
From: mishedlo	Respond to of 116555

U.S., Saudi Arabia add 5 organizations to terror list Wednesday, June 2, 2004 4:02:18 PM WASHINGTON (AFX) -- The United States and Saudi Arabia jointly asked the United Nations Wednesday to help block the assets of Saudi charities suspected of aiding terrorist organizations in five nations. "Terrorists and their tainted dollars have corrupted charity by using the philanthropic spirit and charitable institutions to further their warped motives," said Deputy Assistant Treasury Secretary Juan Zarate. The five designated organizations are located in Albania, Afghanistan, Bangladesh, Ethiopia and the Netherlands. The Saudi government is also dissolving the Riyadh-based Al-Haramain Islamic Foundation and consolidating it into a new non-governmental organization regulated by the government fxstreet.com

To: George8 who wrote (7399)	6/2/2004 12:43:44 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Saudis, OPEC aim to bring oil price down to 22-28 usd range Wednesday, June 2, 2004 9:25:42 AM BEIRUT (AFX) - Saudi Oil Minister Ali al-Naimi said his government and the rest of OPEC aim to bring oil prices back down to the cartel's target range of 22-28 usd per barrel "Saudi Arabia and OPEC countries are working to stabilise prices within the price band of 22 to 28 dollars" for the cartel's basket of crudes, he told a news conference ahead of tomorrow's OPEC meeting The Saudis are "fully ready" to raise production and have "a spare production capacity of two million barrels per day." But Naimi said Saudi Arabia may not use its spare capacity to the full, as "we have to be cautious and remember what happened in 1997 and 1998," when world economic crises led oil prices to crash to below 10 dollars per barrel "Today's prices have nothing to do with the fundamentals of the oil market. You might call it terrorism, you might call it expectations of the destruction of oil and gas facilities," he said "And increasing production will not necessarily solve the problem, but we need to reverse the perception, and this is what we will work for." fxstreet.com