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>
> Bigger problem as I see it is very near term ... prices of NG and CL continue to trend higher
> placing a very real tax on the economy and consumers. Energy prices have been moving inversely to the US$.
> If the Fed/Admin/Market don't raise interest rates to support US$, energy prices will continue to rise
> creating a major political issue for the guys running things.
>
this doesn't seem to be an issue at the moment, joe public
has not made the connection quite yet, even though OPEC
keeps saying so quite clearly, near as i can tell the pain
point here in SFO area is gas at about 2.00/gal, its 1.6 now
>
> also look at us dollar ver gold
> gold is really up big time
> fidelity select gold up 176% in 3 years
>
look at a chart of gold in euros, or any other currency
not losing 30%/yr and the "rally" looks anything but
i had a dream last weekend that commodity users started
buying gold to hedge future purchases...
regards,
tbr
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