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To: Earlie who wrote (66301)7/19/2009 10:45:54 AM
From: tyc:>  Read Replies (2) | Respond to of 78409
 
Hi Earlie.

It's really strange how two people can come to opposite conclusions. You are interested in global economies, I am interested in global markets. Possibly that difference in focus is the cause of our difference in conclusions.

What has happened to markets since March is more important than what happened to them previously, because it continues to happen. Virtually all global markets are up, simply because the US$ is down and the US$ is the nominal yardstick. Gold is up too compared to that yardstick. But gold is down compared to most other market segments.

But your view is the thread's view... Perhaps I am wrong when I say it is an inflexible and apprehensive view . Stubbornly I refuse to accept it, so perhaps it is I who am inflexible. But I too continue to seek reality, (as manifested by market prices).

Best regards to you and all.



To: Earlie who wrote (66301)7/19/2009 11:09:59 PM
From: Claude Cormier  Read Replies (2) | Respond to of 78409
 
Earlie,

You an Tyc are having a very interesting discussion about China.

I read from one source in Europe that the USA will default on its debt. Possibly sooner than later. IMO, the Chinese know that.

I read that, as the global depression accelerates, they will probably increase the speed of their diversification out of USD in coming months.

Have you read anything along these lines.



To: Earlie who wrote (66301)7/20/2009 2:15:16 AM
From: Amark$p  Read Replies (3) | Respond to of 78409
 
hugh hendry comments may interest you

seekingalpha.com

note however, Hendry not currently bullish on gold
open.salon.com