Gosh. I didn't mean to hit a nerve. I am the new guy by the way, was hoping things would be a bit more neighborly. Anyway, what am I doing on the sight? , well I own a chunk of Tyhee.

Actually, Bob Hoye instructs that it is actually in a deflationary enviroment where the REAL price of gold rises and improves the dynamics of the mining industry. Lowering input costs consisting of oil (30% of open pit mining costs) labor and other costs. Leading to a more profitable dynamic. As far as financing, when ore bodies increase in relative value they become self financing. That's the theory anyway. Honesty, I really don't know which scenerio will play out. Deflation or inflation, I am trying not to be dogmatic about it.

If oil can fall from 147 to 33 in 6 months I realize that one really doesn't "know" what is going to happen. I have the tire tracks on my back to prove that inflation is not always guaranteed. I don't think anyone knows, however I will say I find Prechters analysis very compelling. We just try to educate ourselves and try to take the best couse for us.

Plunger