RE: Market crush imminent, like last yearI do it every year also, know its going to happen and sit watch. If its any consolation someone(s) just bought 27 million shares at 2.75. This is just the general market, if you look at GCE, with its float, it is trading pretty close to our price and is in full production.
If you have been watching the Hang Seng you may have noticed they have been steadily dropping since the start of the month. They have lost 4% in that time. Not good if you have been watching The Ghost Town stuff, 67 mil housing units vacant, not because they couldnt fill them, but because they are too expensive for their people, $100 K and up for people making $5 a day and that is in a good jobs. The wages in China have to start going up so their people can buy some of their own stuff, the Ford theory of old. Then we will see a real boom in China and India.
We are paying the miners 35 hr and in China they are probably getting .35 an hour, with no attention to safety and working/living conditions, like we have to in North America. The only way we can compete is efficiency.
I hate paying almost the same price for something made in China compared to NA, when it is produced for a fraction of the cost. Someone is making a lot of money and it is sure not the workers.