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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (8384)	9/6/1998 5:05:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 29382

Max,this could eventually effect gold prices,IMO-if Canadian Gov. comes into the market to buy(replace) gold..Also note the Gov. was selling gold reserves in August.. "$5.8 billion spent defending loony during August ERIC BEAUCHESNE Southam News The Bank of Canada spent a record $5.8 billion U.S., more than one-quarter of its official international reserves, vainly trying to defend the loony in August before throwing in the towel at month's end and raising interest rates to rescue the currency. The dollar, which was worth more than 66 cents U.S. at the start of August, was threatening to slide below 63 cents U.S. when the bank finally raised rates a full percentage point to make the currency more attractive to investors and ward off speculators. The dollar closed yesterday at 65 cents U.S., up from 64.83 cents U.S. This week has marked its strongest rally in a decade, although it started from its lowest level ever. The recovery in the currency is being attributed mostly to an improvement in commodity prices, rather than the interest-rate increase or the record purchases of loonies by the central bank. The spending of foreign currencies and the sale of 128,000 ounces of gold to buy and buoy devalued loonies cut the government's holdings of gold and foreign currencies to an eight-month low of $17.965 billion U.S. That nearly $6-billion defence is the heaviest monthly intervention to date, exceeding the previous record of $4.3 billion U.S. in September 1992. The bank intervened on behalf of the loony on 13 of 20 business days last month. Also eating into the reserves last month was a loan of $361 million U.S. to Thailand, Canada's share of an international bailout package for the Asian country where the global financial turmoil originated. In disclosing the figures, the Finance Department said "Canada retains a strong reserve position" but also said it will be increasing the level of reserves to better protect the dollar, which has been battered by the "increased flows and volatility in foreign-exchange markets." See ya,DD PS: it amazes me how many different ways the Canadians spell the name of their currency. I have read in major Can. newspapers, loonie,loony,and looney<vbg> PSS: did a couple of calculations,last week my Canadian portfolio gained an additional 2.4%(in US dollars) due to the increased value of the C-dollar..Every penny increase equates to a 1% gain in value....gotta love it<g>. PSSS: going to start stupying AVCORP AVP.to They are very similar to CADE and Richard Lund( CADE bigdog) even sits on the board of AVP,things that make you go hmmmmmmmmmmmm.

To: LTK007 who wrote (8384)	9/6/1998 5:27:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 29382

It's great posting early,no one can debate my opinions<lol> Definitely have to read up on AVP.To "During the fourth quarter, the Company expects to close another $5 million private placement in the form of a convertible debenture and to draw down an additional $6 million on the property mortgage facilities." biz.yahoo.com That's it for the day--enjoy, rest the mind<g>.......;^) D(if anyone gets bored DD on AVP.To would be greatly appreciated,I won't have time today,go'in fly fish'in.........

To: LTK007 who wrote (8384)	9/6/1998 3:49:00 PM
From: Sergio H	Read Replies (2) \| Respond to of 29382

Max, did you find anything interesting on the retailers? I didn't check into late day buying, but perfomance for retail sector for Fri. was -1.60%. August sales numbers came in lower than expected. Breaking down the sector: Apparel+0.14% Bookstores-1.81% Auto-Related Retailers-0.25% Department Stores-2.18% Discount & Variety Stores-1.35% Footwear+2.24% Home Improvement & Hardware-2.98% Jewelery & Watches-0.06% Luxury Goods-1.32% Office Products-2.78% Optical-0.99% Pets+0.28% Electronics & Computers-1.01% Specialty Retailers-0.37% The hot sectors were: Shipbuilding was up +4.33% for the day. Some stocks in the sector: quote.yahoo.com Railroads and air freight services were up almost 2% Energy stocks were investor favorites, with the drillers & marine supply companies leading the way +7.17%. Some of these stocks: quote.yahoo.com Independent Oils +5.02% wer also up strong. quote.yahoo.com Major Oils+3.71% Oilfield Equipment+4.55% Pipelines+1.65% Refiners+0.51% To round out the natural resources, Mining & Metals +4.13%. Coal+0.41% Diamonds+6.90% Gold & Precious Metals+9.37% Mining+5.68% Nonferrous Metals+0.84% Steel+0.42%