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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: loantech6/3/2009 9:17:50 PM
1 Recommendation  Read Replies (1) of 78419
 
Interesting quote from DR. Housing Bubble:

<It should be abundantly clear that the DJIA is not a good indicator of what is occurring on main street. Yet it is something that is always referenced so it is important to understand what is truly reflected here. Let us refer to the list again. If you look at the top 10, three of these companies (Wal-Mart, McDonalds, and Coca-Cola) reflect the massive consumption economy that is the U.S. Where are the major manufacturing companies? In a way, seeing GM literally fall off the list is a testament to what our economy has become. An almost completely consumption based economy. Is it any wonder that Chinese students laughed openly when Timothy Geithner stated: “Chinese assets are very safe,” referring to debt with the U.S. in a recent talk? Politics aside, I’d laugh too. Ben Bernanke and Geithner are busy selling off the U.S. to keep their banking cronies alive. Where are the Pecora Investigations? Why not demand the same stringent requirements of Bank of America, Goldman Sach, JP Morgan, and Citigroup as we do of Chrysler and GM? Because those that operate the levers of power are either bought out or believe the banking oligarchy.>>>>>>>

Not sure about the bolded item except it may mean bonds are toast and rates will move up. Something I believe in that may or may not be true is gold rises as rates rise to defend the dollar? BWDIK.
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