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Politics : Israel to U.S. : Now Deal with Syria and Iran -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (11113)	6/8/2006 5:43:05 PM
From: philv	Read Replies (1) \| Respond to of 22250

Yes of course, and I did not forget your warning. For your information, Kudlow just confirmed what you said, so you are in good company.

To: sea_urchin who wrote (11113)	6/8/2006 6:07:43 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 22250

The dollar is rallying only because US interest rates are much higher than Europe and Japan and the market expects this differential to widen further in the near future. This clearly is a temporary situation that cannot last. Given the huge leverage of the US economy no way can interest rates be hiked much further without touching off a severe recession and total equity market collapse.

To: sea_urchin who wrote (11113)	6/9/2006 9:55:33 AM
From: philv	Read Replies (1) \| Respond to of 22250

I was thinking about this gold price thing, and gold got squashed lately together with all metals. Gold it seems has taken on the mantle as a proxy for commodities at this time. (Other times its value is for some other reason). Gold, of course is much easier to manipulate than the metals or oil, as it is not a consumable item. In as far as the metals are concerned, as you are aware the amount of metal in storage of copper, zinc, nickle, etc. is very low. Demand from Asia is very high. I have for quite some time wondered if the numbers are real or are being manipulated somehow. I have concluded that what is going on in Asia is for real, and that demand will continue high, unless a world wide depression is in the future. For those reasons alone, I think that gold will recover as they are limited in manipulating down the prices to the extent until there isn't an ounce of metal left in the warehouses. That is the essence of supply and demand. The dollar of course is another matter. The printing press has a speed controller on it. The arrow on the controller points to the right from slow to fast to faster to infinity.