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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (65136)	5/9/2009 10:59:20 AM
From: tyc:>	1 Recommendation Read Replies (1) of 78417

>> "...going up ... as are a lot of stocks... and in Canadian dollars too... that should be significant to Americans" My benchmark is the S&P500, hedged to the Canadian dollar (i.e. XSP.to). Early March it was C$8, but each C$ was only worth US$.76 so the US$ value was $6.13 per share. On Friday its price was C$10.90 but each C$ is now worth US$.87c, so its US$ value is now US$9.47. That's a gain of 54% in 2 months ! Swampdog, please note ! LOL. If the US$ continues to fall not only gold will increase in US$ price. (In this example of price change, one can see how futile assessment of fundamentals is).

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