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


To: re3 who wrote (18857)8/31/2003 11:50:54 AM
From: re3  Read Replies (1) | Respond to of 39344
 
i'll add some stats here...

HUI now 193.79 HUI start of year 145.12
CAN $ now .722 CAN $ start of year .6349

Can $ up 13.7 % HUI up 33.5 %

Had a canadian investor held HUI from the beginning of the year, he would have had to buy american dollars to do so...given that the Canadian $ has been UP this year, to break even on the loss of exchange, the Canadian investor needed HUI @ 165 to just break even with the exchange loss. While we are way above that NOW, this breakeven point didn't occur till July 25th.

any responses ? -g-