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To: nspolar who wrote (19960)1/15/2005 9:06:46 AM
From: TheSlowLane  Respond to of 60912
 
Don't think I will have time to fully summarize Coxe this week, but the 19 minute call was one of the shorter ones I ever remember. Coxe commented on the rebound in crude oil and thinks that we could well see sustained high oil prices for the duration of the winter. He also commented on the greater than expected trade gap. He thinks those two factors will contribute to a slowdown in the US economy and that therefore the USD will come under renewed pressure and that will be good for gold. He said that gold and gold stocks have been terrible investments for Euro-based investors and to some extent Canadians for the past year but seemed to be implying that would be changing.

Paul



To: nspolar who wrote (19960)1/15/2005 10:02:19 AM
From: SwampDogg  Read Replies (1) | Respond to of 60912
 
There is always the possibility that the dollar can go up doe a while and gold does just fine. Yesterday was a good example and some golds were actually up on the day. If gold can base with a firmer dollar it will bring buyers.
As far as the SAs go, they have always had most of the interest from Europe. If the Euro gets hit and gold is OK they should do very well.


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