As GER neighbour moves, GER will also moveDAVID PESCOD'S STOCKTALK LATE EDITION; October 17, 2011
D’ARIANNE RESOURCES (V-DAN) $1.88 +0.10
What the heck does a person do in these markets anyway and what is the future?
We caught up with Jed Richardson, former Sprott mining analyst and now working as an IR-type consultant
inToronto. And outside his window on Bay Street today, some of the OccupyWall Street-types are parading by. We have to admit, we are a littleticked like 99% of the world at what some of the bankers are doing thesedays, but as one person writes, a lot of those folks still want SantaClaus to take care of them.
We are asking for a little handholding from Richardson and what next from the markets? Well he wondersjust when Europe and a whole bunch of other governments around the worldstart printing money. He is suggesting that some time this Greek crisiscomes to a point and he wouldn’t be surprised to see a 500-point downday to wash out all the ugliness and then put in a bottom for themarket.
One thing he points out is that there is historicallyhigh amounts of cash sitting on the sidelines not knowing what to do andat some time it will enter the markets.
As far as his crystalball, he figures oil will close this year at $85.00 and $90 next andgold will firm up before the end of the year closing at $1750 and $1950next year (probably tied to his belief that governments will, sooner orlater, start printing money).
Meanwhile, heworks with D’Arianne Resources which he suggests should be attractingadditional analysts coverage shortly, start work on a prefeasibilityreport and that yes, some big corporations.