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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (51104)6/8/2009 7:54:02 PM
From: Cogito Ergo Sum  Respond to of 218672
 
Message 25701601

So any idea how much credit is used in these purchases.. ballpark.. easy money.. 25% down ?

TBS



To: TobagoJack who wrote (51104)6/8/2009 10:57:08 PM
From: energyplay  Respond to of 218672
 
I think mining cycles are at least 5 times a long as tech cycles - 20+ years instead of 4.

One of the nasty things that happend to mining was the collaspse of the Soviet Union, which lead to the dumping of Soviet production which was no longer needed with the decline of the Soviet/CIS economies. There was also to dumping/looting of Soviet inventories nd defense stockpiles.

The decline of the Soviet threat also lead to Western nations reducing and selling down their defense stockpiles.

All this surpressed metal prices, and reduced exploration for everything except gold, nickle, and copper.

*****

Now the future has infrastructure builds and consumer spending in the BRIC countries, Eastern Europe (replacing Trabants with cars made of metal so cows won't eat the body panels) and most of Asia.