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Ursa Major Minerals Incorporated T.UMJ



TSX:UMJ - Post by User

Comment by v1proon Jul 28, 2004 1:30am
74 Views
Post# 7752714

RE: Yea, I think the dollar is going to tank

RE: Yea, I think the dollar is going to tankIf the dollar(US)drops.Commodity prices will increase as they are priced in dollars and become more affordable in other currencies.If (always ifs)lol inflation takes hold with the lower dollar commodities get used as a store of value.China may be old news but that is what spiked metal prices and demand as well as the declining dollar.Increasing dept loads and the increase in money supply to fund it has driven the dollar lower.Will it continue and will the majors need to replace reserves?Why is China secureing metal and energy supplies outside of China?Secular commodities bull?Sure hope so cause metal prices will stay strong and hopefully UMJ can prove up enough of a deposit to capalize on it.Crappy time for a lot of stocks right now but I think us three will do OK
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