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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (23106)	9/26/2007 7:29:38 AM
From: elmatador	Respond to of 219167

The UAE dirham held near a five-year high yesterday as speculation Saudi Arabia might revalue its currency spilled over into other Gulf oil producers that also peg their currencies to the dollar. Dirham bids were as strong as 3.6685 per dollar, the strongest since November 2002. The spot rate was 3.6702. Saudi Arabia's riyal surged to 21-year high against the dollar on Friday after the world's largest oil exporter said it would hold back from matching Tuesday's 60 basis point US interest rate cut to 4.75 per cent. Saudi Arabia, the UAE, Qatar, Oman and Bahrain peg their currencies to the dollar, while Kuwait uses a basket of which the dollar is the largest component. "There is a lot of uncertainty in the market about whether Saudi Arabia will revalue or not," said Mohamed Dameer, a currency dealer at Abu Dhabi Islamic Bank. "This is spilling over into the dirham." The Qatar riyal was at 3.6367 on Friday, its strongest since July 2004. The spot rate was at 3.6380. Bahrain's dinar traded below the eight-month high it struck on Friday, when bids were as low as 0.37650. The spot rate was 0.37699.

To: TobagoJack who wrote (23106)	9/26/2007 8:36:04 AM
From: GoldBull no bug here	Read Replies (2) \| Respond to of 219167

BUYGOLD while living, working, trading in the present - I see and know the end game. At some point, time matters not, 1 copper penny will be worth more than 1 FIAT dollar or 1 FIAT anything. And, a Supreme medium of exchange those coppers will be for daily incidentals...a cup of joe, an ice cream cone, Turkey Dinner with all the trimmings...HAHAHA! The Madness of it all! Gave up telling friends to Buy Silver when it was 5 bucks, 7 bucks...Buy Oil...Buy Anything, but protect yerself! But I'm confident the lessons to be learned will be value added.