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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russwinter who wrote (18845)	8/31/2003 11:33:37 AM
From: re3	Read Replies (1) of 39344

<<<BTW, I'm selling the majority of my holdings, but not all. 1) well, i for one would be curious about which one(s) are keepers no matter what, you may have noted vt's response to me about that. 2) if you looked at my post with the prices of goldcorp from jan 2 to now, you'd see a canadian investor would still be down for the year and a US investor up...i concluded that post with a "hmm", but in thinking about it (please correct me if i'm off base here), the american investor is up on GG because they sold their American dollars to buy goldcorp (a prudent move), whereas a Canadian investor sold a now out performing currency to buy that same stock ...this should partly explain why this year has been a better year for some than others...while you and others south of the 49th were waiting out the doldrums and pain of the downdraft in feb and march, you had currency APPRECIATION. north of the 49th, i watched stuff like anatolia drift down and see the currency go against me... would they have been better off just selling their american dollars and buying canadian ones ? would that have been a better trade than trading US dollars for goldcorp ?

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