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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (34077)	6/7/2005 1:13:59 PM
From: ild	Read Replies (1) \| Respond to of 110194

Date: Tue Jun 07 2005 12:56 trotsky (frustrated) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved "it seems that will be USD friendly then..." on the face of it, yes, but note that this is only true if the supposition that the rate differential is a major driving force is correct. this is not necessarily the case. if relative currency valuations boiled down to this single driving force, the Yen would have been going down for the past 12 years without interruption. but it has actually gone more up than down in that time... Date: Tue Jun 07 2005 12:44 trotsky (Aurum, 11:29) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved this is in fact a very good point. also, IMF rules actually explicitly forbid that member countries tie their currencies to gold ( i.e., a gold standard is 'not allowed' ) . the only sensible explanation is that the biggest shareholders of the fund want to make sure that there is no credible competition to their irredeemable paper promises. Date: Tue Jun 07 2005 12:33 trotsky (playrightman) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved @"Stephen Leeb's latest" 1. oil prices may or may not increase further...no-one knows for sure. certainly the contract has gone from backwardation to contango, which indicates there is no near term supply problem. 2. 'inflation' is per definition an increase in the supply of money - it has nothing to do with the oil price, and can't be 'created' by rising oil prices.