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To: Perspective who wrote (215353)1/17/2003 12:59:51 PM
From: Mike M2  Read Replies (1) | Respond to of 436258
 
BC, my attraction to the gold sector is driven to a great extent by my negativity on the US$ and the prospects for a sustained and balanced recovery in the US economy - I don't see it happening. The productivity and profit miracle of the 90s was greatly exaggerated and engendered great credit excesses and distorted the demand and output structure of the US economy - too much consumption and malinvestment at the expense of other areas . I see gold as an alternative to the US$ . Although i could be wrong I am very confident that the US$ will continue to decline and the POG will rise taking care of valuation concerns. mike