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To: Claude Cormier who wrote (21075)11/21/2004 10:05:42 AM
From: Square_Dealings  Read Replies (2) | Respond to of 312399
 
Right, I think the big surprise will be when gold and silver continue up whenever the dollar bounces. Some holders of foreign currencies will roll into the metals because they still dont want to buy dollar assets but want to protect profits from currency gains.

Silver should be watched closely here imo. If a germ wave is coming probably industrial use of silver is going up a lot as silver is bacteriacide, in addition to the infrastructure buildout in China which requires silver, and the precious metal aspect of silver could all combine to harmonic convergence soon.

M



To: Claude Cormier who wrote (21075)11/21/2004 1:38:00 PM
From: tyc:>  Read Replies (1) | Respond to of 312399
 
Are you saying, "This time it's different." ?

I sincerely hope you are right and I am cautiously betting that you are right. However, I have been similarly mining-bullish each time gold reached these levels in the past.

In the face of inexorable inflation, I do not advocate faith in fiat currencies. However, my point is that recent history suggests that the value of gold has shown similar debasement.....witness the mere cyclical movement of gold/C$ over the past 20+ years. If one were to rely on this 20 year experience, it would perhaps be prudent to consider this a "Sell High" opportunity.