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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: chip who wrote (33247)2/18/2007 4:10:11 PM
From: koan   of 78410
 
Well, world markets are strong, interest rates are low and many believe the fed will actually lower the fed funds rate over the course of the year, which will allow a further fall in the dollar.

Strong markets are good for metals i.e. 1987. And then there is the walls of cash flowing around the world combinedwithworldwide low interest rates.

Worldwide industrial and military build up.

I am wondering if we are going to see the whole world join us in the specualtion of mining stocks. Hedge funds have moved into the metals, if they start to move into the mining stocks look out-lol.

But I would think the average person in India, China, Russia, and the rest of the world must be noticing the big profits we are turning in mining stocks.

One thing which everyone should know is that mining stocks are still greatly undervalued. For proof of that go back and look at what price many of the stocks we own today were valued at in 1987 (e.g.RDV and CCM)and then add inflation to that as well and the fact gold just touched $500 and silver $11 (for about 10 minutes) in 1987.

We have a long way up in price to move through 1987 highs, and then 1987 highs adjusted for inflation, and then 1987 highs based on present higher prices for metals, and then new highs based on worldwide speculation in mining stocks and worldwide shortages in metals.

This show is just beginning and I think kaiser feels the same way. Kaiser is a great macro economist.
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