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

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To: Wade who wrote (1338)	2/9/2004 1:12:14 AM
From: Wade	Read Replies (1) of 48092

I haven't get the chance to surf other threads yet. But, I feel that the dollar-POG inverse peg is about to be broken. The reason is quiet simple. Because we all expect dollar to slide continuously until that the trade deficits are nearly balanced, and we also know that the rate of dollar decline will be controlled by G7 countries to a slower rate. Therefore, the forward looking trend of POG and POS are going to be upward and not much the G7 can do to keep them move in sync with USD. When the predictable future of gold and silver lie ahead of us, there is no reason for the speculators allow these pair sitting around for other people to re-discover them. Therefore, I expect the new fast tracks of POG and POS to develop which will move much faster than that of USD in the opposite direction. PM investment will de-couple from USD movement within the next two months. We should be able to see the new trend from the USD chart. Sooner or later China will have to revalue Yuan, which will trigger the rest of asian countries to follow. I expect this to take place within the next 4 months. Because Japanese Yen is the only asian currency component in the USD, I would expect a tsunami hits USD when suddenly all of the asian currencies are revalued againt USD. The forces will be at least three times larger than that of Yen alone. This is the hidden power of POG and Yen relationship which Mr. Jim Sinclair has been holding back from us. I think he will tell us about this very soon. I feel PM won't stay around at the current prices for long. I will be fully invested in PM stocks and mutual funds and ignore the small bumps of USD. Good investing. Wade

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