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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (5639)	12/2/2002 3:00:07 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 39344

<US dollar index is not a particularly meaningful indicator as it is in relation to other currencies. Everybody seems to be engaged in "competitive devaluation" to ward off the effects of deflation, but again, we just don't know what will happen to the dollar.> IMO, that is exactly for this reason that is is a very good indicator for gold over the long term. I think several posts back, I showed some kind of long term positive correlation between the USD and gold.