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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: E. Charters	8/14/2007 8:17:51 PM
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Sherry Cooper holds forth: (Chief Economist, Bank of Montreal) I don't mean to sound glib about this, but the financial media are hyping the current global subprime-liquidity situation and making it worse. We continue to stick to our call that the U.S. economy is fundamentally sound, and growth next year is likely to run at about a 2-3/4% pace. The Fed, as always, remains the lender of last resort and its primary concern is to maintain stability in financial markets. This is more important than either inflation or growth. To be sure, Bernanke is no Greenspan, and would like to quash the notion of a 'Bernanke put', but the Fed's actions today to provide liquidity for the second day running assures that it will facilitate the smooth functioning of orderly markets.

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