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

To: LLCF who wrote (53729)	6/5/2000 2:30:00 PM
From: goldsheet	Read Replies (1) \| Respond to of 116791

> Can't think of a better place to put my money, Canada! Australia looks even cheaper. I do daily plots of the $A, $C, and the spread. Back in 1996, $A was $US .80, $C was $US .73, a 7 cent premium. Now, $A is $US .58, $C was $US .68, a 10 cent discount. There is a very strong incentive for US-based mining companies to buy Australian miners, and a decent case can also be made for Canandian miners to buy Australian. Placer Dome and Homestake have a good track record in Australia and should be buying cheap Australian assets.