C. Cormier - Ormetal Inc. wrote:
>
> On 23 Mar 2001, at 5:13, Bob wrote:
>
> > Gold's interest rate curve for gold loans is no longer inverted.
> > The one month rate is now (yesterday) lower than the 1 year rate.
> > Not good for those long gold or gold mining shares.
>
> A very good observation Bob, we are likely to retest the long term
> support near $250. If $245-$250 holds over the next few months,
> we will have establish major support capable of a sustained bull
> market. Otherwise, $200 here we come..and this will be the final
> low.
>
> Claude
I like your thinking Claude. And, it could turn out that at about
the time the USD tops out vs. a money like gold, it tops out vs. a
currency like the Yen. Since about 1955 the Yen has done a good
job of holding it's purchasing power compared to the USD.
But my best protection should come from not gold above ground, but
from gold in the ground, mining shares.
When gold pops, I just hope G&SR/Omnipay and e-gold, Ltd. are ready
for the assault on their personnel and servers.
Bob
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