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Gold/Mining/Energy : Southwestern Gold

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To: Casey who wrote (117)	7/12/1999 11:29:00 AM
From: Claude Cormier	Read Replies (1) of 585

Indeed Casey, A well defined opposing view. I think that he is wrong. The low price of gold has everything to do with the strenght of the US dollar, more than anything else. Gold is still near C$400, above A$400... What if the days of the $US are over. Not saying here that the $US will vanished. Of course not, but what if it starts a long decline. The truth is that for almost a year now, foreigners, who oen 50% of the US debt, have stopped buying the treasuries. As a results interest rates on bonds have increased. The trend is accelerating and these holders of more than $2.8 trillions of T-bonds will be getting out of the $$. The $US will drop, interest rates will move higher and gold will undertake a new rally. There are simply too much dollars abroad.

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