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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Threshold who wrote (8429)	3/9/2003 12:11:15 PM
From: Claude Cormier	Read Replies (2) of 39344

There was probably a $10-$20 war premium when gold traded at $390 in early February, but there can't be a lot now that it is around $350. Keep in mind that Gold traded at $330 in June 2002. We are not very far above that price. Still, a lot has happened since then that has very little to do with this war, including the beginning of the energy crisis, the continuous decline in the USD, the start of the flight from the USD into gold and the Euro. Although gold could well retest lower levels, it is still very cheap on a long term basis. Even if the mother of all bull markets will be confirmed only after we exceed 1996 highs, it certainly looks like it has already started. You seems to think that this war will solve all US problems, it won't.

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