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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Re: James Turk's Latest

vhf
Apr 13, 2008 08:33PM

Whether or not the USD comes under additional stress this summer, and by how much, largely depends on what is reported, and when its reported. That's one thing that can be manipulated.

What we need to be looking for is the moment away from traders trading gold up and down with the USD and with more of a focus on the ravages of inflation, rising mining costs, supply to the market, and gold priced in foreign currency. At the moment as was pointed out in another article, US traders that only think this is about the USD are missing the point of a real commodity demand led bull market, based on too much liquidity with no underlying monetary value, coupled with people having deteriorating real earnings as a result of inflation measurement tweaking on basic needs, and increasing nos of mouths to feed.

Policies that restricted productivity and profitability in development of natural resources in the seventies has led to a lot of this (along with monetary problems). 40 years ago, it was viable to be self sufficient, a man on a single middle class income could support a wife and 2-3 children. Supermarkets wernt known to be taking a 50%-100% cut out of the profit between producer and consumer, and farmers werent totally reliant on subsidies for financial support, looking at genetically modified rubbish as a solution to their financial woes.


Apr 14, 2008 07:58AM
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