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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: steve susko who wrote (52074)	5/26/2002 11:28:05 AM
From: Jim Willie CB	Respond to of 65232

Canada economy heavily involved in energy, metals I read an article yesterday about forecasted currency values relative to gold and USdollar by a time later in this new decade I was in synch with most of what I read but I was very surprised to read he thought the Canadian Dollar would fall to 50 cents in value it has risen since early April from 63.5c to 65c I dont agree I think Can$ will continue to rise some more, e.g. 70-72c but not as much as the Euro so a double lift on Canadian stocks in gold mining one from valuation, second from currency translation the big big painful rub negative to Can$ is their socialism this negative could be dealt with cleverly with announcement of some anchor between Can$ and Gold I HONESTLY BELIEVE THAT WITHIN FIVE YEARS, MOST SOCIALISM WILL BE REPUDIATED, REVERSED, REJECTED AS BANKRUPT POLICY the Canadian economy cannot boom too much their taxation is out of control so is America's taxation Canada has a robust economy, diverse, balanced take a look at a global map and one cannot avoid being impressed Seabridge Gold announced a new gold mine acquistion friday it is located in YellowKnife in NorthWest Territory of Canada that is their landlocked answer to our Alaska Canada is magnificent, beautiful, larger than huge its Hudson Bay is as big almost as all our Great Lakes together I predict resource-rich nations such as Canada, Australia, Argentina, Mexico will be the first to anchor their ailing currencies to gold/silver it will mark a new chapter in financial history and ignite yet another fire under gold / jim