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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: The Vet who wrote (76865)	3/25/2008 9:04:03 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

It is neither a liquidity issue or a solvency issue It is valuation issue. Until that gold is actually mined there will be doubt it is there and/or it can be profitably mined. What happens if mining costs rise by 1000% Mish

To: The Vet who wrote (76865)	3/25/2008 10:42:03 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 116555

Yeah VET you should forget to mention that your stock is in Venezuela and is run by the biggest crooks in the business? Try Ecuador instead...you know who I mean..its time IMO

To: The Vet who wrote (76865)	3/26/2008 12:45:06 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Here is a good post from down under on debt deflation debtdeflation.com

To: The Vet who wrote (76865)	3/26/2008 6:39:42 AM
From: SouthFloridaGuy	Respond to of 116555

The problem with the banks/brokers is that there is ample evidence what the 'real value' of the securities are, they and the Fed just refuse to mark the book there. The securities have finite life especially when defaults rise so the end is near. At some point the real value will come out. At 30x leverage and 50% of Wall Street revenues gone forever (while 75% of the expenses are still there), I'm not too optimistic. I would disagree with Mish slightly, I think your gold mine could be undervalued, but not at full NPV due to the reasons he gave.