Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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

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From: ItsAllCyclical	6/26/2013 7:01:50 PM
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Another reason why 2013 will be a lasting low "China's most successful doomsayer." Though far from perfect, a lot of what he said here rings true, but the interesting insight is that he forecasts that the incoming regime will want to take its lumps early, in 2013, so as to minimize blame ("it was the old crew’s fault") and maximize praise for subsequent recovery... zerohedge.com Part of the gold smash has probably already been factored in that this would be/will be allowed to happen (China cool down). But easy for things to spiral out of control given the leverage involved. First rates begin to spike, then banks stop lending to each other, then they stop lending to individuals/businesses, then you get bank runs and capital flight. Seems China isn't that far away from the last two steps if you believe some of the stuff coming out of ZH of late.

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