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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: John Dally who wrote (1104)12/1/2003 9:25:52 PM
From: Wade  Read Replies (1) | Respond to of 48092
 
John,
Thanks for the nice charts of Rand and Peso. If Rand stay at this area and POG keeps on moving up we should see nice appreciation of S. A. gold stocks soon. The reason for me to hold on ASA and GFI is mainly due to my hedge position with SOA. I will keep my eyes open about his trend. Strong Rand means that S. A. is a country for investment and is expected to do well in the future. I think Rand is a good indicator telling us where that country is heading.

Mexican Peso is a worse currency vs. Dollar <G>. This is a perfect environment for gold/silver mining...as you pointed out. I am glad that I made these decisions.

Thanks again for the links.

Wade