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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: Mike M2 who wrote (1165)12/14/2003 4:40:30 PM
From: Wade  Read Replies (1) of 48092
 
Mike, Thanks. I think about the same way.

UD Dollar may or may not get a short term boost. Some people may think that the crisis at Iraq is over and the war spending should go down. Therefore, they feel that the cloud is lifted. However, I think there are lots of money from the middle-east may want to go home, which may lead to weaken the US dollar. We'll find out these effects on POG tonight. However, the mid-term(6 mo. to 2years) should be about the same.

When I think about the long term (>2 years) effect, I have a less clear vision of the direction of US dollar, because US will have stronger influence at Middle-East, which will change the balance of the world economy forever. I also try to include the strong rates of growth at China and India into this equation for my investment decisions. I guess the bottom line still depend on how US balance its Fed deficit and economy growth.

No doubt, dollar will keep on playing the center role in affecting the POG . About gold stocks, I feel that the S. A. golds are my preferred selections, because they will benefit greatly at slightly stronger US dollar situation in the short term. My guess could miss the target by miles<VBG>. Good investing.

Wade
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