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


To: Valuepro who wrote (61016)9/4/2008 7:46:22 AM
From: tyc:>  Read Replies (2) | Respond to of 78417
 
Hey it's not just the younger fellows but us old and senile too !

I wasn't born yesterday, but I was just musing that today's PM market as more akin to a "reverse bubble" in which people/institutions sell their PM's just because they are apprehensive that prices will get cheaper still or that liquidity will dry up..And that is one possible scenario. The causes of the fall in prices are psychological.

But I do see the attitudes of a "reverse bubble" presenting good buying opportunities. It's painful, but it seems to me that it would be a good time to be entering the market rather leaving it, just as 1974 was when I got started.