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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (4763)4/19/2006 8:32:26 PM
From: Louis V. Lambrecht  Read Replies (2) of 48092
 
Tss! Charts sez for a while USD on par with CAD, 1.7 USD for one EUR. Some 25% correction, putting the Dollar index in the mid-sixties.
Unfortunately CAD will sufffer from it's Southern friend.
Or my charts tell we wrong. Which is not to be excluded. LOL.

Looking at the long term chart of gold, there is some similar shape currently with what happened in 1971 with Nixon's defaulting on the payment of imports in gold. Current massive US deficit is calling for a default (a default on fiat? LOL).
Wonder what the politicians will invent.
With the prz. of the IMF an active member of New America, everything is possible.
Next to watch, the mid-term elections. Imagine a dem majority.

Starting to believe the arguments of Clive Maund.
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