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

To: onepath who wrote (46966)	8/12/2007 1:23:13 AM
From: koan	Read Replies (2) \| Respond to of 78431

Great article onepath. I and some my friends are now mostly in cash. I have told them that what I am looking for next is a break in the dollar and then I will look for gold and silver proxy's. I am exiting base metals for now. In the short term people are going into treasuries, rather than gold, as they get 5% plus the dollar is rising, so it is a good play--for the short term. Referencing Sinclair the Japanese could borrow yen for 1/2% and then sell and buy treasuries and get the above 5%. They can still do that now, Yet, I hear the Yen carry trade is unwinding, so I am still trying to figure out how all of this fits together. We are certainly at some sort of crossroads. I just heard on Bloomberg that Italy's economy dropped more than expected. The one concept everyone has to understand and watch very carefully for the next few weeks is this: each day, are there more buyers than sellers? If there are more sellers, mining stocks will drift lower, day after day. And what would stimulate buyers? Right now with so much fear. The juniors sort of flutter down as people hate to give up their exploration lottery tickets, but a few each day either need to sell or get increasingly scared. Then, many hesitiate as they see how much they have lost (from just a few days ago) and find it hard to sell, but someone always needs to sell. My thinking was that I see fear and volitility everywhere and so it is hard to see a bull market rising right now ergo I am guessing more sellers than buyers for the foreseeable future. In my city business is booming, yet our housing market is the worst I have seen in 15 years. There are simply very few buyers and rents are rising. In Anchorage and Wasillla it is the same, although Alaska is booming? I can only imagine what it is like in places where the market is not booming. My eyes are glued to Bloomberg.