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

To: Rarebird who wrote (31090)	10/4/2004 12:17:47 AM
From: seventh_son	Read Replies (1) \| Respond to of 39344

To put in my own two cents, I am quite worried like Russ that the government may try to manipulate the dollar higher nearer to election time in order to drop the price of oil. As for the Japanese, the festering group of LDP US-paid-off crooks in power can be counted on to artificially prop up the US stock market and dollar in whatever way Bush wants. I don't think that the US public has any understanding of, or focus on gold at this point, so containing the price would not be a political priority, but a higher US dollar would certainly affect the gold price. At the same time, the IMF and Gordon Brown at the recent IMF meeting have clearly been trying to sink the price of gold again. Fortunately, it looks like they were unable to sneak through their most recent G7 meeting gold attack. theglobeandmail.com On the other hand, I think that Bush has really ticked off a lot of world leaders in the last four years in terms of his arrogant militarism, so they may have some tricks of their own to torpedo his re-election economically. You notice that a lot of the recent rise in oil was due to the Russian government suddenly clamping down on Yukos -- a brilliant manoever on their part in that it meant a lot more revenue on their oil exports, and was a very effective way of hitting Bush politically just prior to the election. Kerry would be more protectionist than Bush, but if the Chinese can swallow this, they could certainly hit the US dollar and interest rates by dumping some bonds and dollars. In summary, I expect that efforts will be made to boost the dollar, which should cause fear in gold-holders, but anything could happen in the next month.