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

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To: Proud Deplorable who wrote (15648)7/10/2006 12:58:15 PM
From: John Vosilla  Read Replies (2) of 78419
 
"As our country becomes poorer due to the cost of the war, anger surely will escalate. Much of it will be justified."

"American wage gains are evaporating as inflation accelerates, helping explain why confidence in the economy isn't soaring along with job growth. "

Transition from a real estate economy to a war economy with those leveraged on option ARM's and HELOC's getting hit on all sides these days. Well I see Newmont has reversed. Hope this was a final flushing out of the junior miners right here. Given our fiscal imprudence, trade deficit and stupidity and arrogance of our leaders Mr Bernake is between a rock and a hard place. Either a very serious recession worse than 73-74' or a major currency debasement and stagflation in our future. My guess is given the incredible debt levels of government and the public the choice will be the latter with a couple of mild recessions this next cycle. Gold at 3-5k and double digit interest rate treasuries by the end of the cycle.
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