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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Big Black Swan who wrote (93590)	1/31/2009 8:42:50 AM
From: dave9	Respond to of 116555

Spain is not extreme. They started cut backs and slowing sales about the same time as California. I think the central bank of Spain misreported conditions (better than they actually are). Spain's economy enters recession Spain's economy is in recession for the first time since 1993, according to figures from the Spanish central bank. news.bbc.co.uk Not laid off yet!

To: Big Black Swan who wrote (93590)	1/31/2009 2:47:29 PM
From: koan	Respond to of 116555

Posted this to marcos. IMO, the key to the reality of the paradimn shift for gold linking to the dollar, was when gold started moving up with the dollar. That is a brand new phenomonen. I listened to the head of Barrick and he said people only want gold bars, no paper of any kind. He said he has never seen that before. And he is very sure gold will just keep rising. And it looks that way to me. The gold and silver stocks will have to rise as well eventually, as the rise in gold and silver means a gain in intrinsic value of the companies. And gold and silver stocks are rising. They may play catch up at some time as they are still multiples of present value undervalued. In a normal metals bear market given the price of gold and silver, I would guess gold and silver juniors are at least 500% undervalued, so like a cork being held under the water. Still not a lot of volume, but every week gold and silver continues to rise I expect an exponential rise in mining stock volumn. Great Briton is in the most trouble.