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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Frank who wrote (95823)	1/17/2008 12:32:38 PM
From: Sharp_End_Of_Drill	Read Replies (2) \| Respond to of 206214

Frank, you have been well & truly bitten by the dogma. Check back with me in ten years to see how we've done. The first time I heard all the doom & gloom was in 1996. It was every bit as convincing back then as it is now - then I experienced first hand down cycles in 1997, 2000 and 2003. The story now is even more charismatic, polished, and convincing - but it is still just a story. Economic cycles still work, excess liquidity creates shortages of everything everywhere, capitalism will win out again at whatever price necessary, and this too shall pass. I sold off almost all my stock holdings, including one half of a slug of RDC in a retirement account. I thought long & hard about selling the other half a few short days ago at $40.50. Today it is worth $33.24. Economics first hand.