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Gold/Mining/Energy : Northgate Exploration Limited - TSX: NGX; AMEX: NXG
NXG 50.72+1.3%Nov 3 3:59 PM EST

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To: Northern Marlin who wrote (37)7/17/2004 10:03:29 AM
From: Northern Marlin   of 148
 
Real Interest Rate:
3-month Treasury Bill rate - June, '04 CPI
1.34% - 3.30% = <1.96>%

Real rate approaches -2.0%. The Fed is in a tough spot of its own making. There is no way it can raise the Fed Funds rate by more than 2.0% over the next 6-9 months. So, the dollar must continue to slide in value, resulting in a great climate for gold & silver mining stocks for American investors.

Phil
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