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To: tyc:> who wrote (52812)	11/13/2007 10:18:51 AM
From: John Vosilla	Respond to of 78404

'And that is one of the most stupid statements I have ever heard' I agree.. If the game is reflation, low rates, monetizing the back end and attempts worldwide to prop the dollar you must participate here..

To: tyc:> who wrote (52812)	11/13/2007 11:46:28 AM
From: roto	Respond to of 78404

the thing is RE's article is an excellent read except for his enthusiastic 'elaborations'. *TO BE THE WORLD RESERVE CURRENCY YOU MUST BE RESPONSIBLE* that is as good as it reads! the world market debacle is solely of U.S. origins..it will be interesting to witness how the whole US$ shakes in the next few years. & the world, you, I, everyone exists in a vacuum along for the ride.

To: tyc:> who wrote (52812)	11/13/2007 12:13:30 PM
From: Proud Deplorable	Read Replies (2) \| Respond to of 78404

Sinclair himself said the same thing......sell all US denominated holdings in fact MOST of the good gold analysts have said the same thing but you are smarter than they are right? Why don't you call him stupid? You better get used to the idea that the USD is trash and going down and gold is going to 2,000.00 Some people, with nationalistic blinders on just have to learn the hard way I guess. ------------ Jim Sinclair’s Commentary Why be dragged down by the US dollar? U.A.E., Qatar May Drop Dollar Peg in Six Months, Merrill Says 2007-11-08 04:53 (New York) By Matthew Brown Nov. 8 (Bloomberg) -- The United Arab Emirates or Qatar may drop their currencies' pegs to the dollar within six months as inflationary pressures outweigh the benefits of maintaining the links, Merrill Lynch & Co said. ``We believe there is a significant risk of a change in the policy regimes of either the U.A.E. of Qatar in the coming six months,'' Merrill Lynch said in a research note published today. ``Speculation pressure on other members of the GCC will remain and we expect Kuwait to maintain constant appreciation against the dollar.'' Kuwait dropped the dinar's peg to the dollar May 20, citing inflationary pressure from European imports, prompting speculation that its Gulf Arab neighbors including Saudi Arabia and the U.A.E. might follow. The Saudi riyal has been trading near 20-year highs since Saudi Arabia, Oman and Bahrain chose not to follow the Federal Reserve's half-point rate cut. The central bank governors of Qatar, Oman, Bahrain and Saudi Arabia have all said a number of times since May that they have no plans to drop their currencies' pegs to the dollar. U.A.E. Central Bank Governor Sultan Bin Nasser al-Suwaidi said repeatedly that any change will be coordinated with other Gulf states. More…