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Strategies & Market Trends : Ride the Tiger with CD

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To: LoneClone who wrote (88820)8/17/2007 7:44:42 PM
From: Gib Bogle  Read Replies (1) of 313057
 
The way the percentages work? Starting with 100, a drop of 4% gives 96, then a rise of 4% leaves you with 99.84.

BTW, I tend to agree with your suggestion that in the long run metal producers will get an added boost from the elevated prices that presumably will result from the effect of tighter credit on mining companies that need to borrow. By this logic, not just existing producers but also developers with sufficient funding in place should benefit. This assumes that the global economy doesn't slow significantly. The catch is that "long run" - how long might we have to wait to see even the strong miners back to their levels of a month ago? I hope it doesn't take years.
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