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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (53652)	12/2/2007 11:30:09 AM
From: tyc:>	Read Replies (2) \| Respond to of 78432

>>so the rest of the world is going to force them to do it. No more credit (no more willingness to sop up extra dollars). The "rest of the world" (the bankers) wants the US$ to be higher than it is (i.e. in terms of "their" currencies). Conversely, they want their own currencies to be weaker in terms of the US dollar. Do you agree ? If so will they be successful ? Will the US dollar in fact strengthen against other currencies as is their wish ? All I say is, "perhaps".

To: LLCF who wrote (53652)	12/2/2007 11:53:35 AM
From: tyc:>	Read Replies (1) \| Respond to of 78432

Postscript: Winston Churchill once said, "You can always count on the US to do the right thing, after it has tried every other course of action". If the US does the right thing in your judgment, (and in Paul's), will the US dollar strengthen against other currencies ?

To: LLCF who wrote (53652)	12/3/2007 1:06:50 AM
From: marcos	Read Replies (1) \| Respond to of 78432

usd/cad - fifteen minutes ago they were right at parity, so let's see where they go from that ... i think the loonie could sell off a little more, but before long it goes the other way ... same with gold, we have to be prepared for retraces, and some of them will be gut-grabbers, really get our attention and make us question our assumptions ... which is good The US economy has always bounced strong from crises, compared to various others [thinking of Japan at the moment] ... reason is the creativity of the destruction permitted, when failed efforts of malinvestment are left to go belly-up and the assets get re-acquired and then life resumes full speed with a fresh programme ... trouble is now that sort of thing is considered old-fashioned, politically deadly, so they'll string it along, patch things up best they can and pretend nothing is wrong ... could go on for a long time, there is huge inertia in imperial enterprise, it took decades for sterling to lose its primary-reserve status, long after the Great War that broke its fundamentals