Northgate Exploration - NGX (TSE) Message Board

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Gold/Mining/Energy : Northgate Exploration - NGX (TSE)

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To: NYBob1 who wrote (13)	7/19/2007 1:57:43 PM
From: NYBob1	Read Replies (1) of 37

All the King’s horses and all the King’s men cannot put the Humpty Dumpy Dollar back together again, but they sure are trying. The dollar is trading now at .8025 as the Exchange Stabilization Fund funded by the US Treasury who is in turn funded by the Fed is doing everything possible to get the buck back to .8031. The problem with the heroic attempt is you have to keep it there. Keeping it there means you have to clean out the offerings in the cash market not only now but repeatedly, which is simply not possible. The only way to support the dollar is to sell out of it then use OPM for support. The other means is to spread it in a huge way to operate the spread just as is done in the equity indices to support that. The rub in this tactic for the US dollar is that you would have to cream it to help it and that is contra-productive. So far no real effort has been made to play the market to support the dollar. That is what makes it quite hard to start now. For this reason I do not see the present effort to hold that line (.8030) as a successful strategy. We live in a world without restraints, almost without ethics, hateful people almost everywhere and no standards at all. This is enough of a reason to own gold. It is limited in quantity and becomes a currency when the previous reserve currency fails. The demand for gold will without any doubt rise. The supply cannot rise in any meaningful way. Therefore the price of gold must rise. It is that simple. US paper is in trouble as senior paper is US and worldwide bonds, not necessarily equities. The sub prime debt level is following economic law we spoke of before. That is any level of debt, be it the lowest, will impact all levels of debt, even the best. This then begins to fill in the final pillar that sustains the generational bull market in gold. This Pillar is taking form as the awful number $666 is breached. Maybe the number has something to do with the COT boys. by Jim Sinclair Got NXG / NGX - Northgate Minerals Corp. - Gold Mine Safety? - Lowest Gold cost producer in the industry - Imo. Tia. God Bless siliconinvestor.com siliconinvestor.com

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