3/23/2005

Dollar continues its tear to the upside but it obviously has to penetrate 8553 to confirm a re-instatement of the upward trend. However our interest rates now top EU rates which will attract buying. We will have to see if Germany and France now try to sell higher interest bonds. Late add: Crude closed below $54 and Gold continued to fall, closing below $425. In addition tax revenues as a result of the tax cuts are up another $9 billion this year, but Congress has increased spending by $15 billion. Germany will cut taxes hoping to boost their terrible economy.