Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Taikun who wrote (33038)	11/28/2004 5:46:51 PM
From: Land Shark	Read Replies (1) of 39344

Most of that is due to US$ tanking. The price of gold, imo, reflects the weakness in the US$ rather than the strength of the commodity. If you look at the ratio of the Canadian $ index to the POG, you'll it's on a downtrend. stockcharts.com[w,a]dallnnay[dd][pf][iLa12,26,9!Lh14,3]&pref=G But, the US$ massively out of favour and I don't see any recovery in it's valuation in the short term. Buying gold stocks sure is a good hedge against the currency, tho..

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