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

To: jrhana who wrote (1200)	12/26/2003 10:21:47 AM
From: Andrew	Read Replies (1) \| Respond to of 48092

Might be the weak $USD <G> Seriously this mad cow thing looks to have helped to accelerate the decline of USD. Some currencies are coming off their highs a bit right now. Have a look at the $CAN the last few days.

To: jrhana who wrote (1200)	12/26/2003 12:55:38 PM
From: Wade	Read Replies (1) \| Respond to of 48092

SA is a resources rich country. This is the major reason why the currency speculators took the opportunity to run Rand upward, which caused big export and profitability difficulty at the current situation. SA had very high interest rate (>10%) for bank deposits to balance their big inflation problem. Now, their banks lowered the rate significantly to reduce the money flow into Rand. This process devalued Rand by about 6% during last week or so. I expect to see further reduction of their interest rate and weaker Rand in the next month. all of these changes will reduce the cost of production of gold and other minerals. Therefore, these stocks are going to catch fire if Dollar/Rand ratio rise to 7.5 to 8.5, which should be the mid-term target. James Turk think the ratio will continue to rise which will further boost the value of SA golds. Good luck. Wade