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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: OT The economy and lobsters

OT The economy and lobsters

posted on Dec 02, 2008 04:52AM

Just like the mining industry (Juniors) shut down because the price of gold and other commodities are to low to make a profit, the lobster industry sure reflects the economy.

On the news last night they said that lobster (fishers) in Nova Scotia were on strike because the price of lobsters did not pay for their expenses of running their boats.

There are all kinds of examples like that, oil, grains,mining,trucking etc.

Where is this economy taking us? As you can see it's not only the gold and silver industry that is out of wack.

Prices will have to go up so profit can be made or else their will be no one working except the ones in government.

If that was not enough the Canadian government is now scrambling to keep power.

Not another election.


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