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Message: Re: Markets

Oct 08, 2014 11:15AM

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Oct 08, 2014 08:08PM

Here we go again. The markets are today scared to death from global ecomonic reports, and can't find a footing. Markets are behaving as if it/they have bifolar personality disorder. In general they are severely damaged today, and mining stocks too are down, but not quite as badly. ...and energy prices are also lower.

At the same, gold and silver bullion are marginally higher, while base metals are having a good day. ...mixed signals.

Meanwhile, I still think the worst is over for metals and mining shares. And, as energy prices continue to fall, consumers will have more money to spend, so this is not all bad news (assuming employment figures will not be further damaged).

I think I read someplace today that for each one cent fall in gasoline prices, consumers "earn" 80 billion dollars to spend elsewhere. So, 10 cents off at the pumps is 800 billion more circulating between Walmart, Ford, Home Depot and your checking account.

...just noticed, TMBXF is being manic-depressive today too, now back down to $0.0177 from $0.02.

VP


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