Non Politically Correct Gold and Resource Stock Discussion G Message Board

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Gold/Mining/Energy : Non Politically Correct Gold and Resource Stock Discussion G

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To: Claude Cormier who wrote (4)	2/20/2005 4:22:59 PM
From: Bearcatbob	Read Replies (1) of 180

"Would copper be at US$1.45 if the USD had not fallen 30% in the last 3 years? Could it be that China's and global economic growth is responsable for only half of the recovery in price since the lows of the late 1990's? " The question there is how does the value of the US $ change the demand from China? How has the dollar devaluation changed world demand for copper? Is Chinese demand greater due to the dollar valuation? If Copper was priced in Euros what would the difference be? Would European demand be greater if their currency had not appreciated?

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