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Gold/Mining/Energy : Precious and Base Metal Investing

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To: LLCF who wrote (32685)	11/24/2004 3:27:37 AM
From: Taikun	Read Replies (2) of 39344

DAK: Of course that was my opinion, DAK, but the Canadian economy is really hurting under the weight of a fast appreciating Loonie. Considering all commodities (incl energy and mining) are about 10% of Canada's GDP (OK I'm sure some related transport and financial services are commodity-linked) the other 90% or so is tourism (getting hammered) manufacturing (slowing down) and even some commodities (lumber) cannot compete. If Dodge raises in Dec the Loonie isn't stopping. Perhaps CDN commodities are a safe bet but even Ralph Klein, the Premier of Alberta, is trying to build a firewall for the day when, maybe in an economic downturn, the Feds come looting. separationalberta.com Don't forget Canada signed onto Kyoto as well and compliance is coming down the pike in a few years. This: <There is plenty of lavish partying going on in Calgary.> is what worries me. $500 bottles of wine on a weekday business lunch! Seen that before (Houston property crash) David

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