Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (744)	10/6/2003 12:32:24 AM
From: LAWRENCE C.	Read Replies (1) of 48092

1. Yes, from Friday's close. I believe NEM has strong support. (See Stock Consultant web site for objective short term view.) 2. The rand going up affects ASA's South African holdings. You can get a snapshot of their holds from their web site. So the percentage of ASA's holdings that are in South Africa is a factor. 3. I believe some investors factor in the possibility of labor strikes as one of the risk factors. The risk is less by owning a fund which is diversififed as to geographical location. This is also why DROOY wants to diversify out of South Africa. When labor strikes occur, it could slow ASA's rise depending on how well the market factored this risk in. 4. Over 99% probability that it will. With US government debt increasing, the trade deficit balance worsening, and the US government printing an increasing amount of money pressure on the dollar is likely to contineu. If you were our trading partners would you want dollars or gold? If I were the Chinese government I would want gold.

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