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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (87477)	12/22/2000 7:32:28 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

ild, I own the May 17 1/2. I think the falling kruggerand has hurt ASA. But, when you think about it, falling South African currency means they pay workers in a weak currency and receive dollars for their product. That is positive until the workers force wage hikes, which hasn't happened lately. Yes, I do think ASA will be in the 30s again, perhaps next year. A weak dollar could be the medicine, but any stock market decline could help precious metal stocks.