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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: koan who wrote (43911)7/7/2007 6:49:45 PM
From: siempre33  Read Replies (1) of 78421
 
mucho liquidity in the system....correcto!...
one of the results will be accelerating inflation, another the appearance of prosperity, with higher stock market numbers....

the latest Pescod [excerpt]...
"Jeffrey Rubin is the chief economist and
strategist at CIBC. He earned our respect almost two decades ago
when he suggested that interests rates were going up and because
of that so will mortgage rates, and that house prices in Toronto will
drop by 25%. Needless to say, that’s not the kind of thing people
want to hear and he was pillared in the press. He was also right.
Anyone who says that kind of stuff earns your respect.
So it’s interesting to see him being featured in the Globe and
Mail on July 5th, suggesting the stock market rally will resume in
earnest in the second half of this year, fueled by continued
strength in the global energy and commodity sectors. Interesting
to know that according to the article, Ruben has boosted his 2007
target on the S&P/TSX Composite in next year to 15,000 points
from 14,250 and they are keeping the energy sector at a rate of
31.4% higher than the benchmark index."

edit:
of course in the 1920's, first the German stock market, and later the US stock market enjoyed previously unsurpassed prosperity....what followed in both cases was the worst stock market crash in history for each....
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