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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: grusum who wrote (132671)	10/3/2008 11:59:01 AM
From: E. Charters	Read Replies (1) \| Respond to of 314157

Well what else would you finance? ranting and raving about facks.. that should counter real facks.. but sometimes don't ---> At least metals do have a price and last time I checked miners had good quarters. I admit that 15 dollar nickel is better than $7.50 nickel, but 1.2% is still $198 a tonne, and with other credits often there, that should be north of $240. Still a handsome profit for the miner given low cost bulk mining. And 840 dollar US gold is still $910 CDN, which affords for the 0.30 OPT miner $273.00 per ton, still a good margin for even narrow vein stoping. The financing fear is here I admit. People scared no sell stock. Not goodie good good. Lotsa people make cash mining, no makie market price. First Metals. Case in point. We have to get the bucket shop brigade in here and pitching. Mining in spite of the market jitterees, is still a business, and metals will still sell. If people believe we are entering a hard scrabble no growth, nobody wants to buy anything world, then I admit that the only benefit will be that labour willbe cheap. But I aver gold will still be golden. It always did well in hard times or good. May be a saving grace. If I were to do any play right now it would be silver or gold. prhaps oil. EC<:-}