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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (6383)	1/21/1998 8:27:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 116837

And than there are people that believe that GOLD is overvalued in the short term. So why the big drop in London 20-60 minutes before the spot price opens in the USA? Let's face it, we all know the truth here. The Reason the US has increased M2 over the last year, and why Japan has allowed there currency to float downwards is to create an equal and strong currency; so that when {and it's going to happen} the EU introduces there new currency the US will be in a powerful position. So when the EU currency is introduced, and the trading range isn't known {finacially}. The currency traders will be trading against the EU and into the US/Yen. So that why the one goes up US, and the other down, Yen. {polar positioning} Gold {gotta mention it to stay posting} is just the reaction from the effect. In about one week, you'll see the YEN further declining. So why such a large spread seperation. The size of the EU is so large {finacially}, and when you start a NEW currency you suffer from lack of liquidity. There will be a lot of pressures. By setting a large spread range between three seperate currencies, you can add stability. It'll be easier to manipulate the US and Yen than the EU. What, government don't manipulate... Hah! As a Canadian, my government does it daily. Look at the Canadian Bux. Go to USA and buy a side of beef, than come back to Canada and you'll see the exchange rate is equal to $1.00 CDN = $0.82 USD. I checked with my relatives. AKA the CDN is at a 16% discount.