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

To: ralfph who wrote (66643)	8/6/2009 8:02:32 PM
From: tyc:>	Read Replies (1) \| Respond to of 78417

The market goes up and provides profits for all who follow. But... "this market is in the "denial" stage".... NB it is the market that is "in denial", NOT the pessimists who expected it to fall. The market is wrong.. it must be so, they say. The life of a pessimist must be full of disappointments these days.

To: ralfph who wrote (66643)	8/7/2009 2:51:56 PM
From: Earlie	Read Replies (1) \| Respond to of 78417

Hi Ralfph: Glad to hear that things continue to hold together in your part of "the first province on the left". (g) Alas, such is not the case in much of the USA or the rest of Canada. Here are a few stats that illustrate the breadth of the nastiness. . July was the 19th month in a row of net job losses in the USA. · Since the start of 2008, 6.7 million jobs have been lost in the USA. · A record 5 million people have been unemployed for more than 6 months in the USA. · The unemployed have been jobless for an average 25.1 weeks, a 61-year high · A quarter of a million lost jobs last month in the USA . Canada shed 44,500 jobs last month, about triple economists’ expectations. Canadian unemployment remains at an 11-year high of 8.6%. Unfortunately, one finds similar worrisome numbers around the globe (see Stratford for solid research on this). There are many ways to track economic activity. Tracking global transportation system numbers has always been useful at this end. Have a look at trucking, railroads, container ships, package delivery and air cargo and you will note that all are down.... a lot... and none show signs of a turn.. Some may think my perspective is negative but this is not true.... I just like to know what is really going on. I have found that government stats and analysts' forecasts are rarely based on reality so I rely on my own research. Best, Larry