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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: croesus1111 who wrote (26235)3/24/2005 6:53:38 AM
From: russwinter  Read Replies (2) | Respond to of 116555
 
The Train Wreck issue is more about resource shortages. Think of it like war time rationing. Subsidizing smaller money losers would be counterproductive, therefore I expect the less well connected will be cut loose, so that the main plutocracy can survive. On your point about workers, I'd say they are secondary relative to the Pig Men who provide large stuffed manila envelopes.

The gold stocks you asked about are back at their old bases, after another failed rally. Just watch the charts for accumulation, big blocks (might be more munches from KGC, Noranda, etc), Key on the Rand/US for ANO and GBN, and the China stock market for Train Wreck signs(positive for development plays). And key on the COT specs flush out for signs gold is bottoming again, and of course the Wizards if they start monetizing, doing coupon passes, etc.