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

To: Andrew who wrote (19659)	9/8/2003 11:21:53 AM
From: tyc:>	Read Replies (2) \| Respond to of 39344

>>Besides foreign money should be leaving US denominated investments one would think as the USD$ devalues. Not so, Andrew. I am intrigued that "industry" north of the border has become more expensive than "industry" south of the border. The Canadian large-cap Index has outperformed the S&P 500 when both are measured by the same yardstick, (whether Canadian Dollar or US$). Buy low sell high. I see this as an opportunity to gradually shift weight from the Canadian Index to S&P500. It is the US$ that has devalued, not US industry. And we live in a global village. You mention inflated PE's. But what is the P.E. of cash (or gold)? That is what you must compare. I think you mentioned that cash yields 1.5% isn't that a "pe ratio" of 66.6 !?