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Thanks for the info Baa and Kerry.
Re Kyoto protocol - money will be made by
companies with 'green' infrastructure as 'green' credits can be bought and sold.
If a company does not wish to itself invest in
'greener' production processes, it can buy 'credits' to relieve its burden:-
GRD NL (ASX - GRD) is one company I know of that is able
to generate and sell 'green credits' - worth checking out their ASX
announcements and website - add to watch list.
Regards,
Cris
----- Original Message -----
Sent: Sunday, February 08, 2004 1:15
AM
Subject: Re: [sharechat] Gold drivers
2004
Brian Bloom also has a couple of interesting recent pieces on
Gold Eagle.
In the first speculative piece
http://www.gold-eagle.com/editorials_04/bloom020404.html
he
argues that international debts, such as that of the US, are unlikely to
be
called in because of the threat this would pose to both debtors
and
creditors by undermining the interdependence of the globalized
economy.
"Significantly, George W. Bush was 100% correct that Saddam
Hussein
possessed weapons of mass destruction - only the weapons had
nothing to do
with Nuclear Bombs or SCUD missiles, and had everything to do
with the
potential for Hussein (and others like him in the Middle East) to
destroy
the entire International Financial Infrastructure by undermining
faith in
the US Dollar."
The quid pro quo for the creditors facing
decreased returns from a weakened
US dollar: continuing oil price increases
and a moratorium on energy
substitution (as evidenced by the scuttling of
the Kyoto protocols).
To avoid deflation, the US government would stimulate
investment directly
through its Space Program ( an interesting variation on
Keynes), whilest the
US consumer's standard of living would "tread
water".
Bloom sees the gold price being capped at about $US535/oz (still
offering a
good return and insurance against any international
zusammenfallen). Silver
he sees at $US15/oz (based on a historical !:35
ratio to gold) with a
possible shortterm spike to around $US60 to drive out
the speculative
shorts.
In Friday's TA paper
http://www.gold-eagle.com/editorials_04/bloom020904.html
Bloom
looks at the supposed current bull market in equities, concluding
"the
secondary Up-leg in the Primary Bear Market in equities has given way
to a
renewed down move".
the arguement is amply supported by graphs.
Silver
(sludge?) again receives an honourable mention.
The first piece, a
reminder of the inexorable connection between economics
and politics,
particularly recommended.
Best
wishes.
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