Dollar dives as US slump spreads

The Telegraph ^ | 10/19/07 | Ambrose Evans-Pritchard and Joe Moulds

[Thermalseeker]

If this is what happens when "you" run colossal trade deficits, then I'm all for them.

Amen! (from the balcony, of course)

[Last Dakotan]

Where do they now make those goods?

Japan runs a merchandise trade surplus with China.

[Clemenza]

Looks like its Tapas for dinner! Even though they too can "add up" if you order, say, 10 raciones plus a bottle of sherry, they are still cheaper than a full dinner at a restaurant in Madrid.

I figure I'll be counting on an exhange rate of $1.47 to the Euro, with 3% on top of each purchase going to my bank.

[HockeyPop]

Take Barrick Gold sym: ABX. They will employ hedging strategies. Also, like any company they are subject to costs for labor, machinery, etc.

[harrowup]

I may as well just give in.

We told you that Y2K was going to be a bitch.

[HockeyPop]

"Yes, I can tell" ...I've been humbled by the market. I've blown out two trading accounts. What I've learned over the years is that whatever made us successful in our chosen occupations becomes a handicap when trading the markets. "I don't want the cheese, I just want to get out of trap"-- Spanish proverb

[dennisw]

abx is very interesting. i don’t buy directly but via mutual f ..... so far

abx is very sexy.... old man bush has been involved with them ... they are connected players ... IMHO

fun= gdx (gold mine ETF)
gld= ETF that just buys bullion
google it and follow in MSN money and set up a quote list

Get an MSN mail account instead of hot mail account
https://accountservices.passport.net/reg.srf?ns=msn.com&sl=1&lc=1033

[dennisw]

Do you use Globetrotter luggage — by Samsonite

[mysterio]

Free traders told me not to worry. A worthless dollar is awesome for some reason or another.

[dennisw]

Can you explain two things? (1) A bit of a primer in chart talk, such as cup-and-handle, doji, etc. (2) Maybe you’d know why gold mining stocks are not running up nearly as much as gold itself?

Gold mine stocks do not move lock step with gold these days. 
Same was true in the 1980s when gold was a hot item
When gold is hot mining stocks even hotter. Their swing is greater than the gold price

Gold mine stocks are more "speculative" that gold most of the time. More volatile

DOWNSIDE also true these days. Mines will dip more than gold when gold dips. Percentage wise of course

[dennisw]

Free traders told me not to worry. A worthless dollar is awesome for some reason or another.

F'ing retards same as their guru Walter Williams
This defies common sense

REAL SCAM is lots of free trader types who say trade deficits don't matter place side bets (they hedge) with gold and oil, foreign currency and foreign stock market ETF. These lying SOBs hedge against the downside of policies they advocate

[mysterio]

Interesting.

[dennisw]

Canada and Brazil
Brazil ETF = ewz

http://www.google.com/search?sourceid=navclient&ie=UTF-8&rlz=1T4GGIH_enUS242US242&q=ewz

[dennisw]

true

Have you ever heard GW say anything about our unsustainable trade deficit? His dad was a super “free trader” too. Daddy Bush placed heavy bets on Barrick gold (abx) and dittos for Mulroney the (former) Canadian prime minister

http://www.google.com/search?num=100&hl=en&rlz=1T4GGIH_enUS242US242&q=barrick+mulroney+%22george+bush%22

[HockeyPop]

kitco.com you can buy bullion at any given moments price. They’ll hang on to it for you, trade it for you or just send it to you. One may always set up their own household smelter ;-}

I’m very familiar with the ETFs having traded them with frequency. They fit in well with my trading style which isn’t buy and hold. Yetsrday I bought QID, held it overnight and sold 1/2 just minutes ago. Buy and hold went out in the nineties!

[mysterio]

Have you ever heard GW say anything about our unsustainable trade deficit?

No, but I have a trade deficit with my grocery store, so that makes it ok for America to have lots of large trade deficits. At least that's what I heard.

[dennisw]

He shoots he scores. Well done! We should talk sometime. In FL aren’t you?

[montag813]

Brazil ETF = ewz

Agree. Brazil is a superstar and is only in the midstages.

[Professional]

What is the byproduct of gold. Is it earnings, dividends, interest? No?

Well, then for the same reason as buying gold, you might as well by used bricks, gravel, copper, cords of wood, rubber bands, or whatever.

The only allure of gold, is the mystique behind it. Like any commodity, it only appreciates via inflation, supply, demand, or currency loss of the nation which you live in.

With a rental property you get income, stocks you get ownership and dividends, bonds you get interest. But with gold you just get an object...

Granted, you could buy a goldmining company, that makes its business in selling objects, no different than buying a gravel company.

[dennisw]

Gold mining stocks are down today. They went down along with the DJA

US gold price finished same as it finished yesterday