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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: GC who wrote (12616)	8/27/1998 7:28:00 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 34075

Thanks a lot GC, among other things I'm an importer, and my imports used to be where I could make some good $$. Canada does import a lot, just watch electronics, cameras, all the fun toys from offshore, start going up in price. Three of the four companies I represent are already talking price increase before the end of the year. Some competitors are adding surcharges, which vary up to 7% depending on the dollar, on to the bottom of their invoices. Interest rates up today, twice I hear, and probably more to come. Inflation and higher interest rates to follow? Then what? We'll all be dumping stocks and buying bonds? Also remember that while our products are cheaper and more attractive to export with a low $ most of the capital expenditures, equipment, machinery etc., bought by the producers and exporters, are paid for with US $$.

To: GC who wrote (12616)	8/27/1998 7:41:00 PM
From: Sawdusty	Read Replies (1) \| Respond to of 34075

Off Topic You are correct GC. Our company exports about 90% of what we make to the U.S. and it is currently great. However, I cannot help but think that the more dramatic the fall is, that some will clue in and start demanding price decreases. Once lowered it will be very difficult to get it back. It is not all gravy however as our raw material and equipment is all purchased with the "real" dollar. There is also the danger that the U.S. trade deficit gets to a level that the sentiment may turn negative towards imports, which could hurt drastically in the long term. My hope is that the weak markets ultimately result in the Fed lowering the interest rates and printing even more money to bring the U.S. currency more in line with the rest of the world. A continually increasing dollar will ultimately hurt the U.S. exports. We also need just a tad of inflationary pressures to quick start the resource sector. Possibly we can then see a more gradual and realistic increase in market valuations. JMO and probably wrong, Dan ps: I think I am posting here to frequently and all of them are off topic. I'll stay away for awhile and give you people a break.