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

To: Cogito Ergo Sum who wrote (62504)	12/10/2008 7:55:49 PM
From: Rocket Red	Respond to of 78418

Puts meat on the Table :))))))))))))))))))))

To: Cogito Ergo Sum who wrote (62504)	12/10/2008 8:34:04 PM
From: Rocket Red	Read Replies (1) \| Respond to of 78418

Mr. Rubin, chief of economics and strategy at CIBC World Markets, expects the TSX composite index to reach 11,000 next year, up from 8,397.56 at Tuesday's close, and an expected 9,000 by the end of this year. But he's not recommending investors run out right now and buy stocks. “While the implied 20-per-cent-plus return warrants a full weighting in stocks, the near-term risks to the market from a contracting North American economy stand in the way of overweighting stocks at this point,” he said in a note to clients. He said he expects the continental economy to contract during the first half of 2009, cutting into earnings, but then begin to recover as the massive fiscal stimulus from Washington starts to take effect. “The enormity of the fiscal response from Washington should resuscitate growth by the second half of the year, spelling a recovery in both earnings and commodity prices, particularly energy,” he said. “While demand destruction from the current recession has sent oil prices plunging below $50 [a barrel], supply destruction, including cancellations in the Canadian oil sands and offshore projects around the world, will see crude soar back to triple-digit territory toward the end of next year and into 2010.”