Winter in the Great White North Message Board

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Strategies & Market Trends : Winter in the Great White North

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To: marcos who wrote (6250)	4/1/2005 7:11:28 AM
From: stan_hughes	Read Replies (1) of 8273

Even if we're in for a substantial USD rally near term, I doubt it would last for long. The US has spent years putting themselves between a rock and a hard place with their deficits, and I don't see how Greenspan or anyone else is going to be able to turn the boat around quickly. However, it's too long and complicated a debate to have on that topic here now. I generally don't sweat the short term fluctuations in USD POG and prefer to keep my eye on this ball -- stockcharts.com[w,a]wallynay[pb104!f]&pref=G Same price in Loonies as late 2002, i.e. there is no bull market in gold (yet), just a bear market in USD -- I question whether that's widely understood. Not saying that USD POG gyrations don't create trading opportunities, just that the Kanuckistan junior gold mining landscape has been, is, and might continue for a while to be about exploration competence IMO, not about the POG. As a consequence, the late 70s-early 80s technique of throwing crap up against the wall and hoping most of it sticks isn't likely to work

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