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Strategies & Market Trends : Ride the Tiger with CD

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To: tyc:> who wrote (16589)	10/20/2004 1:19:47 PM
From: jpthoma1	Read Replies (1) of 312316

«Even when the US industry is enjoying lower costs BECAUSE OF the fall in the value of the US dollar» Warning! If the US company is operating in Canada, it's costs are climbing if expressed in US$. Only companies operating in the USA or in countries using the US$ see their costs lowering when US$ goes down. Actually, US mining companies with operations in US profit a lot from the US$ descent and the corresponding higher gold price. They benefit on the two sides! That's why I can't understand those saying that the US (especially Barrick) controls the price of gold. JP

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