Golden Jackass Tobacco Shop

[Frank Pembleton]

Hi Jim... long time no hear... about the eventual collapse of the USD-- it looked as though it was coming sooner rather than later. But right on cue, talk of an interest rate cut in euroland seems to have giving our homeboys more work to do. We were at par this morning but according to my own T/A we're right dead centre of the trading envelope.

My gut tells me we will be trading within a tight range simply because of the competition to devalue our currencies, but I do feel the bottom is in for gold stocks.

Regards,
Michael