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

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To: LLCF who wrote (53652)12/3/2007 1:06:50 AM
From: marcos  Read Replies (1) of 78432
 
usd/cad - fifteen minutes ago they were right at parity, so let's see where they go from that ... i think the loonie could sell off a little more, but before long it goes the other way ... same with gold, we have to be prepared for retraces, and some of them will be gut-grabbers, really get our attention and make us question our assumptions ... which is good

The US economy has always bounced strong from crises, compared to various others [thinking of Japan at the moment] ... reason is the creativity of the destruction permitted, when failed efforts of malinvestment are left to go belly-up and the assets get re-acquired and then life resumes full speed with a fresh programme ... trouble is now that sort of thing is considered old-fashioned, politically deadly, so they'll string it along, patch things up best they can and pretend nothing is wrong ... could go on for a long time, there is huge inertia in imperial enterprise, it took decades for sterling to lose its primary-reserve status, long after the Great War that broke its fundamentals
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