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

To: Stephen O who wrote (19803)	9/9/2003 8:37:51 AM
From: loantech	Respond to of 39344

Yes!!!!!!!!

To: Stephen O who wrote (19803)	9/9/2003 8:41:20 AM
From: Enigma	Respond to of 39344

Trouble with being into gold - and I have been for a long time - is that you hope for the worst in order for gold to prosper! And it looks as if the worst is hovering around the corner. Whether POG action has anything to do with Blanchard is another matter - action on ABX will tell us whether the market links the two - somehow I think that it's to do with the dollar/deficits/foreign policy messes/potential for a lame duck Presidency.

To: Stephen O who wrote (19803)	9/9/2003 8:42:24 AM
From: Stephen O	Respond to of 39344

Iraqi Quagmire Could Push Gold Over $400/Oz In Near-Term By Jim Hawe Of DOW JONES NEWSWIRES Get your lucky numbers every on Sunday and Wednesday! My Mobile No. TOKYO (Dow Jones) - Concerned that the mounting costs to rebuild Iraq will shackle the U.S economy for years to come, more investors are now hedging their portfolios with a touch of gold - a trend that could push this traditional safe-haven asset over $400 an ounce before long, industry insiders said. John H. Mesrobian, president of Virginia-based Constantinople Advisors, sees a few different price movement scenarios developing on the gold market. "A close above $380 will point to a quick move to $400-plus. Or gold will consolidate first before moving higher. In both cases $400 is going to be breached - and soon," he said. Spot gold was quoted at $377.50 a troy ounce Tuesday in Asia, up from $375.25/oz late Monday in New York. Mesrobian, whose firm advises investors on currencies, bonds and commodities, said gold is being driven by improving fundamentals and moves on the currency markets, particularly the slumping U.S. dollar. "The dollar is toast," he said, predicting a further slide in 2004. Michael Kosares, the president of Denver-based bullion brokerage Centennial Precious Metals, has seen investors hedging their portfolios against potential losses in stocks and bonds, as well as against a further deterioration in the U.S. economy. Gold Investors Eying War Fallout "Gold investor concerns these days are more centered around some of the negative fallout from the war on terrorism such as rising deficits, bond market problems and deteriorating relations with key trading partners," said Kosares. Kosares agrees that gold stands to benefit from a further slide in the value of the greenback, especially if the dollar printing presses keep rolling to finance the war on terror, which now carries a $87 billion price tag. Kosares said most portfolio planners are adopting long-term strategies that account for any fallout from the efforts to rebuild Iraq, as well as the possibility of further terrorist acts at any time. So is there anything else investors should be adding to their portfolios other than gold? Mesrobian believes the euro, Swiss Franc and Canadian dollar are all headed higher, and says copper deserves a second look. He also said shares in many junior mining companies offer nice profit potential. Conversely, he warns against too much exposure to the U.S. dollar and stock markets. "The bottom line is that the U.S. dollar and markets will see bottoms in 2004 and it is going to be very nasty," he said. Jim Hawe, Dow Jones Newswires; 813-5255-2950; jim.hawedowjones.com