RE: RE: Profiting from the Dismal State of Gold mi Correct. Where were they? This should be a screaming alarm bell. No one was there because no one believed the trend of degrading ore qualities and rising fuel prices. It's only going to get worse and that's getting recognized. This is an excellent report. The fallout will be terrifying. I know now what Hugh Hendry was talking about. Let the market sort out the dead before you go after the equities.
The whole world will be going through this process; weeding out the chaffe. With declining energy sources the days of cheap and easy credit to be squandered are gone. Meaningful gains will need to be had form credit going forward.