Thursday, December 21, 2006

According to Captain Hook there is a ‘remarkably tight correlation’ between gold and Japanese equities ‘since 2003.’

“…you don’t want to see a [dollar] crisis, because this will mean the yen [will appreciate], meaning the yen carry trade [will unwind]… this would be bad for both Japanese stocks… and… until it becomes the basis of money again, gold as well.”

Gilbert: “it's hard to see why gold will glitter unless central banks screw up on monetary policy.”

Laird:

“… the Mid East oil nations stated they will be severely harmed by a collapsing USD… They threatened to embargo oil to China should [the Chinese] dump the USD…”

John Lee: “…bonds have lost their role as a barometer of inflation.”

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