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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (1946)	5/27/2003 7:03:44 AM
From: zonder	Read Replies (1) \| Respond to of 4912

Gold has appreciated significantly more than the decline in USD. See below: Back of the envelope calculations suggest that between Dec'02-Feb'03, gold appreciated by 19% while USD lost 11% against EUR. Here, iirc, the "gold rush" was due to Iraq war uncertainties (and possibly Fed governor Bernanke's speech about the virtues of printing money). Then, Apr'03 to now, gold appreciated about 16%, while USD lost 10% against EUR (at current level of 1.1896 [whew!]). Message 18976124 I don't know what you mean by this, by the way: POG will play catchup followed by the miners