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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: kacy_in_LA who wrote (8954)	3/17/2005 1:39:38 AM
From: Lhn5	Read Replies (2) \| Respond to of 18308

What percent of your portfolio is pm and what else holds a large percent? I have a large percent of beer and pizza (BJRI) and the rest is mainly junior mining, oil and gas, and one tech company (CNHC) Not too much of anything else.

To: kacy_in_LA who wrote (8954)	3/17/2005 2:28:44 AM
From: croesus1111	Respond to of 18308

Well, you are right about the upside when juniors get hot. And although I think the effects on people of this next decade are going to be more intense than you do, I can agree with you on some of your trading rules: Specifically, I can agree with you that politics is only likely to get in the way of making money. Cheers!

To: kacy_in_LA who wrote (8954)	3/17/2005 2:46:11 AM
From: Proud Deplorable	Read Replies (1) \| Respond to of 18308

Ukraine Ditches Dollar Peg biz.yahoo.com "Is this just the beginning exodus of dollar pegged currencies? Euro Rallies As Ukraine Drops Dollar Peg And Shifts To Euro Basket Wednesday March 16, 6:35 pm ET By Kathy Lien Chief Strategist, strategist@dailyfx.com • Euro Rallies As Ukraine Drops Dollar Peg And Shifts To Euro Basket • The euro's rally is back on track as the single currency completely erased yesterday's losses. As we had mentioned in our previous report, the blowout TIC number failed to have much underlying strength and based upon today's report, it seems pretty clear that other traders are jumping on our bandwagon. Its all about reserves these days - Ukraine announced today that they will be dropping their dollar peg and adopting a basket exchange rate that includes the euro. Although Ukraine is a relatively small player in the US Treasury world, what they are doing is an exhibition of what may be going on in the heads of other central bankers. With 42% of their trading activities conducted with the 25-member EU, it is logical that Ukraine has a vested interest in diversifying its reserves. They plan on raising the euro component of their reserves to 25%. The Ukraine is the latest country to join the reserve diversification craze. South Korea, Japan, Russia and even China to some extent are displaying waning demand for dollar denominated assets. Reserve diversification does not happen overnight and none of these central banks can afford a dollar crisis, yet this shift in official sentiment towards US treasuries is certainly alarming. Meanwhile across the Atlantic, ECB Trichet helped to fuel the euro's rally with upbeat comments on growth. Eurozone headline inflation also beat the flash estimate, rising from 1.9% to 2.1% yoy in the February. This has resulted in some mild speculation circulating around the markets that the ECB may deliver a rate hike towards the end of this year. "