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Re: Zeev Hed post# 106526

Sunday, 05/11/2003 10:20:35 AM

Sunday, May 11, 2003 10:20:35 AM

Post# of 704041
But the feds is trying to engineer a series of soft landings bringing back, gradually, various elements of the economy to new equilibrium

Yes. Just because they were irresponsible in the leadup to the bubble does not mean that everything they have done since then is wrong, as some, like Fleck, insist.

Last, if the Euro goes to $1.50, I don't see gold going much more than $500/ounce... I see the Euro once more weakening against the dollar

I'm not sure I understand your concentration on the Dollar/Euro relationship as regards its effect on the POG. If the Euro is losing real value, then the Dollar/Euro can remain constant while the POG rises.






(after a peak in the near future) because their central banks are too "Austrian" and their economic growth might, as a result be



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