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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (22105)	12/6/2004 11:23:33 AM
From: sea_urchin	Read Replies (1) \| Respond to of 81164

Now Japan is squealing about the weak USD observer.guardian.co.uk >>Japan is warning the White House that there will be 'enormous capital flight' from the dollar if the Bush administration maintains its laissez-faire approach to the mounting currency crisis. Tokyo fears that Japan's strongest economic recovery in a decade could be derailed by the sudden appreciation in the yen against the greenback. The criticism of President Bush's inaction, by a senior member of the ruling Liberal Democratic Party, will be taken as a veiled threat that Japan could start to sell off its multi-billion-dollar holdings of US Treasuries. 'The Japanese government is going to ask for a strong dollar policy; if it continues to fall, there would be enormous capital flight from the dollar,' said Kaoru Yosano, chairman of the LDP's policy council, adding that Japan would be calling on its fellow G7 governments to demand the US deal with the massive fiscal deficit that has helped to prompt the dollar's decline. << Strong dollar policy!! How? By putting up US interest rates and letting the Americans commit hara-kiri!

To: sea_urchin who wrote (22105)	12/6/2004 8:32:37 PM
From: philv	Read Replies (1) \| Respond to of 81164

Thanks for pointing out what to me is painfully obvious. It just highlights the fact that any kind of stock investment is a great part psychological. I for one am disappointed with the gold shares. Some time ago, this effect was also running in the oil shares which refused to keep up with the price of oil. Not only do the gold shares not move up with the rising price of gold, but when gold dips back to its previous level, the gold shares seem to dip also without having risen in the first place, therefore continuing their decline. That's the way it has been in this great casino otherwise known as the Stock Market.