Re: JPMorgan's global gold strategy and database
in response to
by
posted on
May 07, 2008 04:38AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Invest...
Also to add to your info is the amount of cash that Canadian investors have sitting on the sidelines..
here is from a post ths morning..partial post here..
It sucks that I have to go through the posting and manually format the editorial before I post it so it fits on the page..
How about some IT work by theAGo programmers to get a page fit auto format improvement program,rather sitting around playing pac-man...
Or what ever it is that kids play these day..
It sure ain't with page formating programs..
This problem has been ongoing..
GET IT FIXED or we'll sic Proto Baggins on the Ago IT team..
A fate worst than death..
LOL
Canadians likely missing out on billions in investment opportunities
TORONTO, May 7 /CNW/ - CIBC (CM: TSX; NYSE) - A highly volatile
stock
market has nervous Canadian investors pulling back on their
investments
and
sitting on record amounts of cash, finds a new CIBC World Markets
consumer
watch report.
The report finds that Canadians are holding onto a record $45
billion in
extra cash they normally would invest in the markets - a decision that
could
cost them billions of dollars in lost investment opportunities.
"Despite the recent recovery in the stock market, Canadians are
still
sitting on cash positions which in real terms are 15 per cent higher
than the
already elevated level seen in 2001," says Benjamin Tal, senior
economist at
CIBC World Markets and author of the report. "The October 1987
stock market
correction lasted two months, but investors sat on their newly
created
mountain of cash for a lengthy 16 months, during which time the
stock market
gained more than 20 per cent. Ditto for the 2001 flight to safety."
By his calculations, sitting too long on the sidelines after the 2001
market correction, cost Canadian investors more than $30 billion -
a pattern
he sees emerging again in 2008. "Fast forward to today's situation
and it
appears that history is repeating itself. Investors are sacrificing
billions
of dollars in potential investment gains," Mr. Tal adds.
One of the main differences he sees this time round is a big
increase in
the risk aversion of younger investors. "As risk aversion rises with
age, it
is hardly a surprise that older Canadians are the first to make a
beeline to
the safety of cash. However, what is surprising is the near 40 per
cent
contribution of Canadians age 25-49 to the current liquidity reserve.
This
amount is twice as large as what we saw in 2001."