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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: xxreno who wrote (34610)8/20/2004 9:19:41 PM
From: Bearcatbob  Read Replies (2) | Respond to of 206325
 
Bill, The problem is one of the stability of financial markets. Markets always clear. Oil demand at $45.00 simply is amazing to me. The dollar valuation with our trade deficit frightens me. I simply do not see how this works out.

A US recession would cure the price of oil problem. A US recession would drive the budget deficit into orbit. Me thinks the Renambi has got to go way up. Upward valuation of the US$ against the Euro is not viable. Of course a rise in the Remanbi would make oil cheaper in China and therefore ___________________???????

Perhaps I need more CRK!

Bob



To: xxreno who wrote (34610)8/21/2004 12:23:42 AM
From: Taikun  Respond to of 206325
 
OT/ Gold IS interesting

Argument A: "You can't do anything with it" Only good for jewelry" "The gold standard has been abolished" "Not used in industry"

Argument B: "Then why does it cost $400/ounce?"


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