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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 (36992)	7/26/2005 2:26:03 PM
From: ild	Respond to of 110194

Date: Tue Jul 26 2005 12:42 trotsky (@Iraq's constitution) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved with this national socialist cum religious fundamentalism document , the most recent claim regarding the reasons why Iraq had to be invaded at a huge cost in blood, treasure and reputation also falls completely apart ( bringing 'freedom' to the benighted desert dwellers ) . if you wanted to install a repressive tyrannical mullah regime in Iraq, this constitution is just what the doctor ordered. carnegieendowment.org Date: Tue Jul 26 2005 12:36 trotsky (Roan@uranium contract prices) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved that may well be, i have no information to the contrary. i note though that LT contract prices do get adjusted in other raw materials when large price moves occur. still, it's a bit of a mystery how a huge country with such a small population can be so terminally buggered up. Date: Tue Jul 26 2005 12:31 trotsky (traderneal@dollar) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved 1. the dollar remains the 'de facto' reserve currency of the world, even though its importance is probably diminishing. 2. no agency, no matter how powerful, can hope to influence the dollar's exchange rate over any appreciable stretch of time via intervention ( see Japan's inability to weaken the Yen ) . 3. the dollar currently profits from favorable interest rate differentials coupled with falling inflation expectations. in addition, it appears that emerging market currencies are coming increasingly under pressure, which also tends to be dollar positive. it seems likely that the dollar will continue to drift higher until the trend toward higher short term interest rates peaks ( i.e., until the Fed reverses course and initiates an easing cycle ) . 4. as long as the cyclical recovery in the dollar continues, it probably makes sense to concentrate on those mining issues that have a non-dollar input cost base.