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

To: loantech who wrote (48144)	8/26/2007 5:46:17 PM
From: LoneClone	Respond to of 78421

That damper may be just what is needed to put inflation fears to rest. LC

To: loantech who wrote (48144)	8/26/2007 9:06:11 PM
From: jackjc	Read Replies (1) \| Respond to of 78421

I was posting on the 240 Trillion derivatives mkt, which is about 80% Interest rate bets. You are right about the housing mkt bubble. Some will lose homes that they never should have been put in. The extra lift to the economy will become a drag while that works out. (losses from foreclosure will clip 1/3 or more but provide bargains for the knowledgeable.) Maybe reduces growth to small positive, maybe into recession, we'll see. But I think BM and PM are still the place to be, looking at the big picture with USA as only a part of the demand. I have added to many of my favs all through this decline, and sold down couple that had changed fundamentals. Looking forward to winding out the year on a good note, though have logged record taxable gains thus far and more than satisfied. If these news letter writers sending out alternate waves of greed and fear are influencing emotions, fall back on your own experience from the RTC days and the $600M foreclosures. The S&L's went broke and new names went up, worked out ok and doubt losses will be any greater, and now economy is much bigger.