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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: SwampDogg who wrote (11260)5/14/2006 11:08:20 AM
From: Mr. Aloha  Read Replies (1) | Respond to of 78416
 
I agree there will be booms and busts, and there very well may be a significant top in 2007-2008. However, I don't think that would be "the" top. I think any top then would be a top to a cyclical bull market within the long-term secular bull market for metals. The average secular metals bull market lasts about 40 years, and we're only about 6 years into this one.

The demand growth for resources by the U.S. in the early 1900's was nothing compared to the enormous demand growth for resources by Chindia now.

There's simply not enough supply coming online in the next 2 years to satisfy the enormous demand that the world has today, let alone in the future as Chindia and others industrialize. Somebody's going to have to go without the metals they demand, and I believe it will be those who can't pay the much higher future prices.