fear rules
Investors have lost all direction with stocks and their valuation. BUK should see a double even in these
terrible markets. I also think many investors don't realise the Natural gas prices are higher in Europe..
and by the sounds of it Russia, Iran and an Arab country want to set up their own gas OPEC type of
business to control gas prices. Anyone think gas prices will decline if these 3 countries are successful?
Sounds like the EU is going to need the north sea gas production more than they realise now!
I think that the USA is going to lose it's world reserve currency status. I heard that the meeting in Nov.
between the EU head and the Bush administration that they will be stripped of this lofty position.
If this happens, i think markets are going to go nuts with massive declines in the US dollar.... any comments?
How will oil and precious metals react to the news... if it's true?
Gt