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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 416.72

+1.2%

Dec 26 4:00 PM EST

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To: ecrire who wrote (25532)	8/22/2011 4:37:50 AM
From: GST	5 Recommendations Read Replies (2) of 29622

<The current stock market rout already discounts a recession > I do not know where stocks are headed -- but I am unable to see how you could call a few days of up and down action a "rout" that has priced in a couple of really, really bad economic years if indeed this plays out as many now expect. The US with an official unemployment rate at 15% -- if that is where it goes -- in a context of Asian slowdown and European meltdown is going to really be something none of us has ever seen and potentially far worse that the last little dip we had a couple of years ago. As I say, I am unsure about all of this, but I would not dismiss it lightly.

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