GREY:FNKLF - Post by User
Comment by
marketmineron Aug 11, 2007 5:40pm
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RE: If Nickel is dead and so is FNI
RE: If Nickel is dead and so is FNIThen why are there so many coming here to save everyone... you would think they would simply sit back and count their money which must not be invested...
What products are these workers making that needs not to be sold...? In short why are profits up and the job numbers the lowest for some time.... I suppose all these employed people do not consume any commodities in manufacturing their products...
The glogal economy is much larger than the US now, many multiples of the US .... This blip was forcast for some time by the smarter than wall street commodities investors... Many have been saying the US consumer has been tapped out for several years... the idiots who wrote all these loans with no money down, and no equity are the one's that should be strung up... what were they thinking!
Then to run intrest rates up is a recipe for falure.... lets see I have a mortgage on a property that is worth less now than what I paid, I put nothing down and you want to double my payment...... Ahhh F@#% it you can have it, see ya.... This was the same in Alberta when Tredeau instituted the National energy program, people were selling their houses for a buck and becoming tennents untill the bank kicked them out....LOL They paid some rent to the new owner who simply put the cash in his wallet.
I guess the Americans were too stupid to figure that one out on their own, and having a comperable example would be too easy to understand..
In any case I think this will be a short lived event... the inflation boogieman will be put back in his closet, and the US will drop intrest rates and roll out the money wagon again before Labour day...JMHO
Look at Kitco 5 year charts... inventory ALLWAYS rises in the summer.. Last year it rose to over 50K tones and dropped to 5000 tones within a couple months, if anything this increase is muted!
This is a very good read....
https://www.321gold.com/editorials/hamilton/hamilton081007.html
Remember the parisits need you to panic to sell your shares cheap...they need to cover their short from someone... will it be you?
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