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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Enigma who wrote (47345)1/22/2000 3:05:00 PM
From: Cascade Berry  Read Replies (1) | Respond to of 116764
 
CRB Breakout! Penetration of 210 decisively establishes uptrend at end of five month consolidation just under 210. Canadian dollar will follow it UP as deflationists panic and Cdn. dollar shorts start to cover into the Federal budget and RRSP season. Possible move to 74! on back of CRB strength and higher oil prices over the next two months. This is bearish for Cdn. golds as evidenced in current charts (as usual, less so for Barrick).

Buy Cdn. golds when the Cdn. dollar is beginning to peak out! Not now. I've seen the Cdn. dollar rise really kill junior Cdn. golds before. I think they will underform bullion for a while.

Cheers.