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

To: XoFruitCake who wrote (102068)	6/4/2008 10:23:24 AM
From: CommanderCricket	Read Replies (1) \| Respond to of 206181

Fruitcake, Many miss the story in China regarding personal vehicles as it is very different there than it is here. First off, a large majority Chinese pay cash for their cars. Secondly, in the major cities such as Shanghai and Beijing, the yearly license tags go for $3k - $5k a year. Does anyone really think a couple of dollars one way or another for a gallon of gasoline makes any difference? The rich are buying the cars not the average working "Joe". The problem for us is there are millions of newly wealthy Chinese who can pay the above and not blink.

To: XoFruitCake who wrote (102068)	6/4/2008 1:07:05 PM
From: buckbldr	Respond to of 206181

Thanks, XO....we get too few informative posts regarding the true China economics...>>>China situation is quite interesting. The supply is artificially restricted because of the price control.<<< It seems to me since so much of global demand consists of consumption (& production) from countries who are not bashful about putting out non-creditable statistics about their part in this sector's "status of the moment", that accurate perception of which direction these markets are about to take is restricted to only those connected to "inside 'Sovereign' information" (Sovereign hedge funds, for ex.?). So those of you who can shed even a few anecdotal bits of "believable" in-country information are to be commended, I believe. Seems I have recently produced some complimentary posts to several posters who in my opinion have contributed positively to this board...must be mellowing in my latter years<g>. I noticed this morning that I might have ben derelict in my effort to give credit where credit is due. For example: >>>Enjoyed the ride UP, enjoy the dive down! >>>Its a long way down for OSX into a clearly contracting economy. >>>Don't buy the Hype, you might not have a buyerwhen you sell!! >>>Oil will play up here as long as it can. I actually think ahead of I-report we could see a squeeze up 1-2 dollars. The trend will not change, and as economy and demand begins to show its contraction it will be fun! Wow! Greenie's commentary is coming on strong this a.m. Such incredible insight! He's been kinda scarce lately....I guess it's gettin' kinda tough sellin' bridges these days, so maybe we will see a resumption of his "sincere advisories" to us ignorant perusers of this thread. <GG>. Now I feel better....this is fun, when the market is in such limbo. Now back to trying to find some more knowledgeable opinions and information. Buck