RE: Bottom and speculationlets just hope that 15M has not been invested in some high yield instrument that will turn out to be a no yield and only half the the deposited capital instrument. many companies have had their accountants get them into a pile of trouble this year. Lets hope MDN is not one of them. anyone know what MDN have that money sitting in?
great artical on money&markets this AM. the US housing fix. in order to keep their mortgages they will have to stop spending somewhere else. that will cause other business to fail and increase unemplyment. downward trend it is starting to feed on itself. in any event house prices will continue to plunge. still can't believe that most Canadians still can't see the train coming and are not getting off the tracks. no matter who you talk to or where they are in Canada they have some reason to say its not going to happen in their area. note Edmonton, one of the strongest markets in Canada officially announced the switch from a sellers market to a buyers market last week. Its coming and the instability can only be good for gold. juniors like MDN are about as good as anything you can buy as long as management has been careful with the cash.