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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: rubbersoul who wrote (15701)10/22/2008 7:40:45 AM
From: Condor  Read Replies (1) | Respond to of 29622
 
US $ screaming up (USD index 85.45 or 1.28 EUR)
Copper down hard (1.96)
Oil $ 69.52
Eur. & Asia down 5% overnight
Gold $ 750
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Sumptins gotta give soon IMO



To: rubbersoul who wrote (15701)10/22/2008 9:19:49 AM
From: Rarebird  Respond to of 29622
 
<<There goes the USD again. Maybe the miners are predicting a much lower gold price ahead.>>

The time to purchase commodity shares is when the Loonie, Aussie, Kiwi, Rand, etc., are depressed versus the U.S. dollar. It doesn’t make sense to use a depressed currency to purchase depressed assets, since that substantially reduces your total net gain.


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