To: imawit
Most news analysts will connect the gold rise with Iraq. But the reasons are both technical and fundamental. Iraq is only important in that news about the war may cause temporary rises and pullbacks. But the real cause is weakness in the dollar and other fiat currencies, which apparently is finally coming home to roost.
16 posted on
01/05/2003 6:47:31 PM PST by
Cicero
To: Cicero
I concur. And mention again, see my post #9, "Finally", the FEDs are feeding it by the minute by the dollar printed.
19 posted on
01/05/2003 6:53:06 PM PST by
imawit
To: Cicero
But the real cause is weakness in the dollar and other fiat currencies ... Absolutely! The Central Banks have been selling their gold in recent years for $320 - $250. They'll be re-acquiring that gold for $2000.
29 posted on
01/05/2003 7:48:11 PM PST by
bimbo
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