Keep the Faith, Although, CIO did not see a big turn around Friday 19, 2013, there was very definitetly a big turn around for many other Juniors. CIO's Level 2 interest is very high still. Many see the potiential in this company but few see at this time where the money is going to come from to make all happen. I have been reading and hear reports such as " India " has gone on a buying spree since the price of gold has dropped and they are not the only ones. It appears a correction in Gold pricing was inline but the demand for gold has not gone away. Some are saying there will not be a " V shaped recovery" but if Friday was any indication of investor sentiment Gold is going to make a rapid and steady climb up. With the FED pumping $85 BILLION a month into the economy to support it, this just can't go on forever without something going bust. I just hope when the U.S. Dollar shows major weakness the Government doesn't revert to what they did back in the 1930's , that is make it illegal for citizens to own Gold. This would be there last hand to play in an effort to protect the currency. I notice the government keeps reffering to the $85 Billion a month a " Stimulus", when this is likely not the case. I would not doubt the FEDERAL TAX BASE has been seriously harmed do to an unemployment rate at least as bad as that of the 1930's and I would not doubt businesses are pumping much tax money into the FEDS Coffers either. The government and the news media continue to pump out propoganda stating that there is at " Modest Recovery" going on in the U.S. However, I would ask you all that are reading this Blog to look around your own home towns and Cities. If your part of the nation is anything like where I live you will have seen a sharp rise in " Pawn Shops, Fast Loan joints of all types, Dollar Stores under various names, and the rise of the Second Hand Thrift shops like never before. I my home town The Salvation Army Thrift Store is one of the Largest Stores in our local Business Park. I have not even mentioned Food Banks and homeless Shelters. This is not what a recovery looks like at all. For heaven sake even Detroit City Michigan has had to have the State Government Step in to rescue them.
I have been in the workforce since 1970 and in my humble opinion the economic situation viewed on a National basis is the worst by far an away now then it ever has been. In deperate times people do desperate things and tha includes Governments. Investment markets can be munipulated by the very people we are suppose to trust to be honest and trustworthy. When wild swings in the market happen, like the one we are going through now, I get very suspicious. I wish the best to all of you in these extremely difficult times.