Cline Mining Corporation T.CMK

GREEK DEVAULT

[godman]

No that is not a typo. 3% of the Euro economy is emptying the Germany vault. As we said a year or so a go the Euro zone should have pulled the plug on Greece and all this would have been long behind us and Greece would have been long on the road to recovery and a strong message would have gone out to everyone. Now, just like the 5% on sub prime loan that sank the US and world economy we are again having a few Fu..k it for the many.

[ark88]

These European leaders better do something about Greece and fast. As the outgoining ECB chief economist Juergen Stark has noted, the very survival of the Euro is in peril. If the Euro disintegrates, then say au revoir to all commodities based in USD.

[straightbull]

Yes, so true.Godman, do you still plan to travel to see the New Elk mine this month? Hope you can provide some first hand information on their progress.  

[truefriend1]

Wow, the only thing holding it's ground is Sino Forest... oh wait a minute...GCE must look awfully good to some right now... and if you think a $70 drop in gold price is shocking, wait til the flight back into it. Up over 100% since 2008. It lost less than  1% today... I sold Royal Bank a few months ago for $58... $44ish today... things are not great out there folks as  Cdn banks

[Eigen337]

This post has been removed in accordance with Community Policy

[ark88]

fixing the US housing market. Something's got to give here. Today, in the US you can get a 30 year term mortgage at 4.1%. You heard me correct. Not a 30 year amortized mortgage but a 30 year term! And that rate is going to fall further as Bernanke will spend $400 bil. to push the rate down further. Really, a 30 YEAR TERM mortgage at 3-4% gotta turn the housing market........had