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[sharechat] Gold Bull Market?

From:	"Baa Baa" <baa_baa@hotmail.com>
Date:	Sat, 24 Jan 2004 08:14:44 +0000

Well, yes, if you look at it in $USD

http://focus.comdirect.co.uk/en/detail/_pages/charts/main.html?sSymbol=GLD.FX1&sTimeframe=10Y&useSettings=0&showSettings=&sid=&hiddenTimeFrame=1&sOrdType=price&sScale=linear&sMarket=GLD.FX1&iType=1&sAv1=na&sAvfree1=&sAv2=200&sAv2free2=&sAv2count=1&iInd0=na&sBench1=na&sBenchcount=1&sBench2=&sBench2count=1&showBenchmarkSearch=&iInd1=2&iInd2=na&iIndcount=1&sSettings=na

but ... no, not if you look at in $NZD.

http://finance.yahoo.com/q/bc?s=XAUNZD=X&t=2y&c=

The point is, the fundamentals of a gold bull market are locked and loaded, 
and the first indicator is Gold in USD, but, the forex effect has eroded 
potential gains in NZD. Until competitive currency debasement enter the 
fundamentals equation, Gold in NZD is a BUYING / accumulation opportunity.

Always buy into weakness. We have a gift staring us in the face.

_________________________________________________________________
Surf the net and talk on the phone with Xtra Jetstream @  
http://www.xtra.co.nz/products/0,,5803,00.html !


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