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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (39229)	5/15/2006 10:34:25 PM
From: orkrious	Read Replies (1) \| Respond to of 60927

Do you see any hope for a meaningful USD rebound? This would be the key reason for us in the PM sector. The PoG has been independent of the dollar for a while. Yes, it's been strong while the dollar has been weak for the last several weeks, but it also was strong last year when the dollar was strong. In short, PoG has been rising in all currencies. I've had two glasses of wine. I hope my writing is lucid. <g>

To: Wade who wrote (39229)	5/15/2006 10:38:29 PM
From: TH	Read Replies (1) \| Respond to of 60927

Wade, From a FA perspective the USD is doomed. Lots of people have hedged against the dollar at levels higher, so I expect some push to get a bounce and unwind some of those positions. Maybe, the USD is at a crossroads and it can't escape gravity. I don't think we are there yet, but it will happen at some point. So yes, I expect a totally unjustified bounce in the USD. It will not last, and next time we take out 1.30 to the Euro. The Yen perplexes me to no end, so I use that as a secondary indicator. Right now the Euro and Yen are the only other real "reserve" choices, so movements against those are more meaningful to me. Lots of Euros hedged at 1.22 Dollar to Euro. They are in major pain at 1.28 USD to Euro. Long term, gold wins. GT TH