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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Tom Byron who wrote (3904)	12/6/1997 6:20:00 PM
From: Jim Ilchyshn	Respond to of 116837

James Dines was on "Money Talks" this morning (A Canadian Radio Program). He had predicted the Asian currency collapse years ago. His reasoning is that their currencies are not tied to gold. The next signal of global financial problems will be protectionist trade barriers followed by a bull market in gold. If you abide by the Dines Wolfpack theory (TM) that precious metals move as a group, you can see that the price of gold is being manipulated as Platinum, Palladium and Silver are all in uptrends. Gold will be a buy when it breaks its downtrend line ($300). I myself can see trade barriers coming because when you think about it, U.S. goods in some of the Asian countries (Thailand for example) are now twice as expensive to purchase whereas Thai products are now half price in U.S dollars. Eventually purchase of U.S goods in Asia will slow to a trickle while imports in the U.S. will rise increasing the already massive trade deficit which is just an I.O.U. in paper that is not backed by any material good. Mr. Dines is a firm believer in a gold backed currency because if you could just print money to buy goods, why not just double the amount of money you are printing and give it to the poor? Mr. Dines believes that there are some fantasitic bargains out there in the precious metals group. Some he likes are Agnico Eagle, Franco and Euro Nevada, Pan America Silver, Stillwater Mining, Barrick, Placer Dome. He also likes the internet stocks. One is Mediconsult. I will post more later if my memory permits. - Jim.