OTCPK:CRZNF - Post by User
Post by
johnathamiltonon Jul 21, 2011 1:09pm
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Post# 18857404
Fear Trade
Fear TradeLooks like lots of PM stocks are down significantly on the "fear trade" today... POG and Silver are still much higher than a month ago, but traders are spooked at the possibility of the dollar strengthening once/if the US Debt Cap gets lifted, and the possible raid to drive the price of the PM's down again.
Further, after reading through the SH B-Board debate about CZN and the regulatory approvals, it seems to me that there is a lot of support for the mine except from Environment Canada and with the current government in place, I don't see that standing in the way as long as there is a sustainable and supportable plan to deal with the water quality.
Again, this is going to be significant waiting time and as much as we'd all like to see our money working for us, it's having to take a rest as the process unfolds.... as it should.