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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by bond46on May 17, 2012 4:18pm
202 Views
Post# 19922616

RE: RE: RE: RE: RE: RE: RE: Greece`s useless econo

RE: RE: RE: RE: RE: RE: RE: Greece`s useless econo

You have to understand the macro economic conditions that affect the price of the stock. And by that I mean to understand what affects world demand for coal, and how Europe can not be taken out of the equation since it's the biggest customer of Chinese exports, steel included. And when the Euro currency goes down, it affects the profit margins of US companies and triggers a sell off in the market. More over a weak Euro affects Chinese imports and creates inflationary pressures in the Chinese economy that in turn forces the Chinese government to raise the bank reserves which in turn reduces available capital for infrastructure projects, which in turn use a lot of steel, which in turn uses a lot of met coal, and which in turn affects the price of coal which in turn affects the price of the CMK stock which in turns affects the hues and cries of the CMK bloggers on Stockhouse. So Greece pal matters. But enough said already.

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