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


To: Clappy who wrote (61689)12/4/2000 7:41:51 PM
From: Tom Byron  Read Replies (1) | Respond to of 116759
 
the us dollar chart shows that the dollar broke the previous low of early november....

digisys.net



To: Clappy who wrote (61689)12/4/2000 8:16:49 PM
From: long-gone  Read Replies (1) | Respond to of 116759
 
<<With the dollar appearing to be topping off, would gold be expected to rise in price as the value of the dollar drops?>>

Depends on manipulation og price from sales by Central Banks or the perception of that manipulation or perception of future sales or loans.

Sorry, but I'd rather not reccommend any mining companies. Maybe the fact that most of the Major mining companies have production based in many curriencies would help.

disclaimer:
I own a bit of HM, NEM, BMG, AU, ECO, CDE, HL, PAAS, SIL, & a touch of a couple 3 Jr's.



To: Clappy who wrote (61689)12/5/2000 12:01:37 AM
From: Robert Jones  Read Replies (1) | Respond to of 116759
 
Same question I've been thinking about. My ignorance of these matters approaches totality, but it would seem that one would want a gold mining company with costs paid in a weakening currency and sales proceeds received in strengthening currencies. If the dollar does start to decline, wouldn't that mean one should, if possible, buy stocks having operations within US borders? Would certainly appreciate comments from wiser heads on this point.