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


To: RealMuLan who wrote (24241)11/3/2006 8:32:14 AM
From: loantech  Read Replies (1) | Respond to of 78421
 
Well when? Many think the bull is 5 years into a 15-20 year run. A usual length for these cycles.

You better quit being a fraidy cat and jump in and ride the train.



To: RealMuLan who wrote (24241)11/3/2006 10:09:48 AM
From: Claude Cormier  Read Replies (1) | Respond to of 78421
 
RealMulan,

You got it. That is how metal prices will come down.
The problem is that the world is complex and there is no way to predict when it will come.

An economy growing for years at 10% plus growth rate must from time to time take its breath and go into recession. China and India will eventually. But Chindia could go on like this for another 5 years with metals continuing higher. The fact that the US appears to be slumping into the 2007 recession is not a garanty that the rest of the world will be sufficiently affected to cause significant lower demand for base metals.

Another unknown factor is the role of hedge funds in the metal markets. How are they affecting prices? Do you know. I don't.