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Strategies & Market Trends : Strictly: Drilling II
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To: Art Bechhoefer who wrote (15034)7/2/2002 11:52:54 AM
From: SliderOnTheBlack  Read Replies (1) of 36161
 
["If gold is gaining strength as the dollar continues under pressure, why not invest in Euro based assets? Or in U.S. companies with Euro based assets and substantial business in Euros?
Art Bechhoefer "]

...Art; simple answer to a simple question.

1. LEVERAGE

2. Risk to Reward Metric's

Actually Art - your question & sentiment is par for the course on Wall St and not to be critical; but it truly amazes me, how near to the "box" traditional Wall St thinking stays...

Sure, some US companies earnings will benefit via the weaker dollar... McDonalds et al... and exporters will benefit... but, you still have greater negative issues of valuations, aggressive accounting, falling earnings and broad negative sentiment to equities in general and most importantly, none of those traditional avenues are a "PUREPLAY" on the specific catalyst of a lower dollar - but, GOLD & more accurately - Gold Mining Stocks were, are and will continue to be...

I can't believe that the average Wall St Money Manager can't move far enough outside the box - to have reaped huge rewards via this recent move in Gold Stocks....

Here's one who did from Fidelity !

Check out this Fund Mgr ~
29% Cash and NEM his biggest holding.

Now - THAT is a money manager ~

biz.yahoo.com
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