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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: crdesign who wrote (3853)	11/28/2006 2:27:55 AM
From: Jamey	Read Replies (1) \| Respond to of 50725

In an interview with CNBC, a vice president for a prominent London investment firm yesterday urged a move away from the dollar to the "amero," a coming North American currency, he said, that "will have a big impact on everybody's life, in Canada, the U.S. and Mexico." Steve Previs, a vice president at Jefferies International Ltd., explained the Amero "is the proposed new currency for the North American Community which is being developed right now between Canada, the U.S. and Mexico." The aim, he said, according to a transcript provided by CNBC to WND, is to make a "borderless community, much like the European Union, with the U.S. dollar, the Canadian dollar and the Mexican peso being replaced by the amero." Previs told the television audience many Canadians are "upset" about the amero. Most Americans outside of Texas largely are unaware of the amero or the plans to integrate North America, Previs observed, claiming many are just "putting their head in the sand" over the plans. (Story continues below) worldnetdaily.com The HUI will get there. Right now many are waiting to see if gold is in a false rally or if the $USD is finally cooked. Santi

To: crdesign who wrote (3853)	11/28/2006 10:25:56 PM
From: Jamey	Respond to of 50725

"Tim, for the past few weeks we've been suggesting that a correction should come, but what would be the cause and when? Wal-Mart Stores Inc.'s (WMT) poor same store sales figures were fingered as "a" culprit, but other retailers reported healthy sales. I'd pin the reason for today's sell-off on the rise in currencies [falling dollar], precious metals and commodities. As readers of this column know we've been highlighting what we chose to call the "usual suspects": energy, bonds, the dollar and precious metals, homebuilder's and consumer sectors to name a few as the potential source of trouble. Many times corrections come from left field or unusual events, particularly when equity markets are overbought. What's interpreted as poor WMT sales data isn't one of them frankly. No, the dollar's condition stands out today. Why? Because precious metals markets soared, bonds were flat and no other sector was spared from selling." Got plenty of charts for you to mull over... David Fry's Daily Market Outlook seekingalpha.com