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Strategies & Market Trends : Natural Resource Stocks

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To: jimsioi who wrote (14384)	8/11/2004 11:52:16 AM
From: Jim Willie CB	of 108859

"Reasons Why Gold Will Rise (revisited)" by Jim Willie CB 321gold.com soft patches for gold in the next few weeks, or into autumn but longterm, the reasons have not changed a bit / jim As the slow "dog days" of summer are upon us, why not a reflection on why gold still makes sense? The first article under my pen name "25 Reasons Why Gold Will Rise" was published in November of 2002 (much gratitude to the Moriartys). The entire motivation for the compendium of justifications was disagreement and disrespect for the few shallow reasons offered by the press & media. The only reason they seemed to understand was MidEast violence. Not the Iraqi conflict, but the Israel-Palestine ongoing endless version. Do they even recall this overused reason now that the focus of MidEast violence has moved 1000 miles east and 1500 miles southeast? Probably not. They would have to be blind not to discern tremendous problems for the US Economy external finances. They overlooked back then a cluster of monetary reasons and economic fundamentals behind an imminent gold rise and USDollar decline. They did not get it right then; they do not get it right now. Let's revisit the listed reasons why gold has risen, as forecasted 20 months ago. They are still relevant for further price appreciation. Since the time of its writing, two additional reasons have been captured, worthy of addendum. the 2 new factors: 26. major gold producing nations are seeing production costs rise in dollar terms from domestic rising currency, which has resulted in sharply declining profit margins, and may force shutdowns in mine operations 27. major smelters are seeing energy costs rise in dollar terms, as the cost of natural gas has increased, which has resulted in the shutdown of many large facilities

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