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Gold/Mining/Energy : Precious and Base Metal Investing

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To: gold$10k who wrote (3148)	4/20/2002 11:09:32 PM
From: Frank Pembleton	Read Replies (2) of 39344

Vt, that flak you received wasn't from me ... I'm sure, along with everyone else that follows SDII that you did take the time to read that last Stephen Roach essay. From what I can tell there's still a tremendous amount of growth coming out of both India and China. These two countries are responsible for the upward pressure on copper prices, rumour has it that they are buying heavily on the international markets and hording because of the ME situation due to the potential supply disruptions - I'm still holding Noranda because of this. There's also a new found consumerism in Moscow, whodathunkit? Will the world financial power shift from the U.S., Germany and Japan to Russia, Hong Kong and India? Will the expected financial disaster be averted in favour of an anemic growth rate for the next ten years? Who can afford to buy physical gold (jewelery), when a persons credit card is maxed out? What if the POG pulls back twenty or so dollars - leverage works both ways doesn't it? Anyway... I still believe we're in a trading range, at least for the time being. Whether it's the fear of Argentina or Japanese depositors insurance; gold stocks have moved far ahead of the POG. Regards Frank P.

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