Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: ChrisJP who wrote (23872)	11/12/2003 2:21:18 PM
From: Tommaso	Read Replies (1) of 39344

Been thinking about your observation. It may be that as the dollar sinks, various limit orders to buy, as measured in currencies of other countries, are hit. That can't keep up, but it might be a supporting factor for the short term. I hold a lot of Canadian stocks and the currency fluctuation (naturally) always affects my orders, in addition to whatever the stock may be doing on the Toronto exchange, since I have to put my order in as US currency. There must be net domestic selling of US stocks going on right now because of the incipient disnchantment with mutual funds. There have been huge withdrawals from Putnam, for example, and cash must be raised by selling stocks. When this foreign support dries up (according to my speculative theory) there could be a 1987-style crash.

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