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

To: paul ross who wrote (8107)	2/26/2003 7:19:30 AM
From: russwinter	Read Replies (1) \| Respond to of 39344

Couple comments from Hathaway worth noting: ""In its January 3rd, 2003 commentary, Bridgewater noted that ?a drying up of private demand combined with support from official sources is a classic warning sign of an imminent collapse in a currency. We believe we are on the precipice.? Official sector support for the dollar is especially strong in Asia where dollar trade surpluses are huge and growing. According to Bridgewater, the US is now relying on the official sector for 40% of capital inflows, the highest in ten years."" AND one of my pet peeves. Hathaway feels this is a contrary indicator: ""Another sign of skepticism is the recent torrent of equity financing, especially by the Canadian intermediate and junior producers. The near exclusive reliance on the investor-unfriendly ?bought deal? method of raising funds favored by Canadian investment bankers suggests a bet on lower gold and share prices by industry insiders.""