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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: onepath who wrote (63393)2/11/2009 3:51:59 PM
From: WalterWhite  Read Replies (2) of 78417
 
Thanks Onepath. I agree with everything you said except that demand destruction has been greater than supply destruction. Globally, several million people are no longer commuting to a job, and those with a job are traveling less. Supply destruction, via less drilling and falling recovery, are less immediate and will take longer to materially change the supply equation.

I think we see $20's within a month. Just as $150 was too much too soon, the correction is overdone as well. When (if) we see $20's then I get aggressive hoping for a good bounce.

Just a plan, and all imho.
YD-Do
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