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

To: loantech who wrote (13464)	7/4/2003 5:09:07 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 39344

I meant a killing rally for those short Dollar index. Would mean another downleg for gold. Well.... in the GUDD scenario (Gold up, Dollar down sic Bill Bonner). But there are so much extraneous interventions in these... (can we still call them markets?). In other words, a gold rally would be a rally if gold prices higher in foreign currencies. I have no interest in trading gold towards US$400 if this still means Euro 300 (flat in Euro). (Case of 1.3 US$ for 1 Euro). I already posted that I would be bullish gold again above Euro 370 /oz., this is USD 480/oz. @ 1.3 USD for 1 Euro. I guess the Canadians here have the same problem. Makes no sense speculating on gold while local currency rises at the same pace vs. the Dollar. The play is, IMHO, short the Dollar long gold (variant short the indexes long gold). Or keep the currency. For my part I am short the Dollar and short the indexes and have a port of junior miners merely profitable at these metal prices (BGO, KGC, HL, PAAS, SSRI).