RealizationsJust some thoughts,
Seems as though people in the United States are realizing that their Economy is not doing so well (Understatement and that you can't increase your money supply by 70% all while having a declining GDP......
Inflation is baked into the cake and this cake contains a poison so vile that none holding financial stocks or general stocks will survive.
Elliott Wave Analysis shows that the wave 5 down on the DOW, S&P will commence in mid Feburary bringing the indexes below their November lows. This will be a painful endeavor, but must be done.
Credit to Elliott Wave International current as of 22 Jan 09.
The current trend of foreclosures, bank failure, loan default, business bankruptcies, JOB LOSSES will continue and has been accelerating at an increasing pace.
Around the globe, countries such as Pakistan, Mexico, Great Brittain, RUSSIA(Big time) are now at risk of complete and utter failure. Geopolitically, the feces are hitting the proverbial fan.... Civil unrest is a strong possibility as more and more people's basic needs are no longer met. They will turn on their goverment at the least and on each other in the worst case.
Gold prices have continued to Hit all time highs in CAD and GBP all week. Even in terms of US dollar, it is now very high priced. Today the price hit 1131 CAD. No inflation eh?
https://goldprice.org/gold-price-history.html -- Graphs against all currencies
https://goldmoney.com/en/charts/0cad120.png -- 10 year graph of gold against CAD in Grams
Enjoy the coming bull market in Juniors. Other than the Hughes Stocks I consider you take a look at MOA.v, LMA.v and ASW.v.
This entire year will be just as historic as 2008, people will look back upon these time and study the failures for decades to come.
For those with stable jobs, consider yourself lucky and help those you can when times get tough. Though things in Canada will be much better than any other G20, it still won't be a walk in the park.
Good luck and Happy tradding to all. Love to keep my roots with AGX and I will NEVER sell my position. I believe in the future of the Hughes Empire.
But what do I know.... Watch and Shoot!
PhaTCaT
PS. For your own professional development. I suggest you all learn about Socionomics. This will allow you to understand the social implications of the current debacle.
https://video.google.com/videoplay?docid=8483214695191142670