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

To: tyc:> who wrote (19644)	9/8/2003 10:57:50 AM
From: Andrew	Read Replies (1) \| Respond to of 39344

I've thought about this myself. The US market is worth relatively the same now as it was in Jan in terms of the CAN$ against the lower USD$. However how can you give the average investor credit to realize this. Besides foreign money should be leaving US denominated investments one would think as the USD$ devalues. No matter what there is no justification for the inflated PE's of the US markets. Even the inflated PE's include inflated earnings due to the lower USD$. Watching the markets turn up and reverse again after Fridays reversal is turning my stomach <G> Total madness, the market looks as overvalued here as it did in 2000. Its ok the US is trying to spend its way out of the Bear and make holders of gold shares rich.