Wildcat Resources Ltd. (Canada)

[gotmilk]

"... like all gold letter writers, none of our gold bulls
attempted to repudiate these numbers."

#msg-1471212
iHub's Free Zone - Zeev's Turnips Patch-No Politics
Posted by: Zeev Hed
Date: 20 September 2003

... agree with you completely,
people do not look at the numbers.
As a reminder to our gold aficionados,
here are few posts, reflecting the opinion you voiced:

#msg-411202 (7/11/02)
#msg-507644 (9/22/02)
#msg-1150995 (6/28/03)

here is one with some calculations [why] going back
to a gold standard is simply ridiculous: #msg-555089 (10/26/02)

here is a short version of your thesis:
#msg-1242586 penned just two months ago (7/24/03)

Here is #msg-1150808 from 6/28/03
where I repeat, again,
the facts about supply and demand in the gold arena.

Unfortunately, just like all gold letter writers,
none of our gold bulls attempted to repudiate these numbers.

Simply put, a major move in gold is not going to be tied
to gold's fundamentals anytime soon.

Gold price, IMTO, simply reflects the relative strength
or weakness of the dollar. Here and there, spikes up
and down will occur due to temporary external events.
With crude coming down, with the US economy
strengthening before the rest of the world
(sans China and few other Asian economies),
the dollar should not be expected to go much further down.
The huge balance of payment deficit
(putting downward pressure on the dollar)
being balanced with the better than the rest
of the advanced economies growth
(putting downward pressure on the Euro).
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