just as a precursor ..., page-9

  1. 1,544 Posts.
    Fallguy, you're right that nobody wants to revalue. We can get away with it a bit because we're starting from a low base.
    I like the analogy that the US$ is like Mike Tyson, heavyweight champion of the world, standing dazed and bloodied in the ring. A couple of good punches and he would be flat on his back but where are the Yen, Euro and Pound? Cowering in the corners.
    Only gold can deliver that blow and until lately it's been kept out of the fight. I think the new treasury secretary is going to at least lengthen it's leash. Whether it will be allowed to rise through $600 or is only being allowed a little more freedom, is yet to be seen.
 
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