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


To: ogi who wrote (61082)9/9/2008 2:34:21 PM
From: Valuepro1 Recommendation  Read Replies (3) | Respond to of 78419
 
"There is so much damage being done right now that I must assume the turnaround will not be steep and fast when the truth emerges that the slowdown is far less than the Black Box traders would have us believe."

I don't know, but I would suspect that a turn-a-around would be complicated by the fact that the hedge funds will be very slow to return to this sector. I say that thinking they will be much less able to borrow against assets to leverage their bets.

Having said that, a major new discovery could turn things virtually overnight. So could a number of takeovers, especially if they come from off shore nations who need to lock in sources and prices for their raw material requirements.