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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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el_gaviero
To: gold$10k who wrote (45016)6/25/2013 11:12:38 PM
From: benwood1 Recommendation  Read Replies (1) of 48092
 
For perspective, he also thought the April lows would hold; that the 'red line' will be exceeded, backtested, and then the biggest rally will come after (not a drop to the other lower band); that RE will skyrocket. I have no idea what the driver for any of this could be. I do read his forum but don't bug them with silly questions like that, but the only scenario I can see which would emerge which could possibly do this would be high/hyper inflation. I know there's a boatload of bank assets that could flood the market, maybe that's what he thinks. Or it's just the charts talking. I have trouble grasping e.g. housing going up dramatically when wages are flat and un/underemployment very high. Anyway, if I mischaracterized, my bad, but I think I've got the gist of his working thesis these past few weeks.

Anyway, I hope he's right about the mining industry, seems perverse for countries debasing like crazy but mining companies laying off in droves. But that *is* what malinvestment causes, distortions which are hard to predict.
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