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Gold/Mining/Energy : Northgate Exploration Limited - TSX: NGX; AMEX: NXG -- Ignore unavailable to you. Want to Upgrade?


To: Northern Marlin who wrote (36)6/15/2004 12:08:01 PM
From: Northern Marlin  Read Replies (1) | Respond to of 148
 
Real Interest Rate:
3-month Treasury Bill rate - May, '04 CPI
1.41% - 3.1% = <1.69>%



To: Northern Marlin who wrote (36)6/17/2004 9:14:18 AM
From: Northern Marlin  Read Replies (1) | Respond to of 148
 
May, 2004 PPI versus May, 2003:
5.0% Finished goods, 7.1% Intermediate materials, & 21.9% Crude materials

It appears that inflation is picking up fast. The Fed will be unable to raise interest rates fast enough to make real rates positive. That's bad for the dollar, but good for gold.

Phil



To: Northern Marlin who wrote (36)7/12/2004 7:55:08 AM
From: Northern Marlin  Respond to of 148
 
Copper inventories:

LME 97,250 tonnes; 6/11-7/11/04 change -23,700 tonnes
NYMEX 90,215 tons; 6/10-7/11/04 change -29,703 tons

Not as big a drop as the previous one month period, but the price has climbed above $1.25/lb.

Phil