Gold Resource Corp (GORO)

[lootie]

Thanks HJH.Nothing new but always worth reminding the faithful.
Beyond the miner's situation,the economic situation will be a large determinant of what happens to mining share values.

The current calm is illusory.A rising dollar-bizarre.Wait for the next financial crisis-they get progressively bigger and biiger as the fed creates debt unpayable for generations of americans.The current fiscal deficit is frightening.That of course forgets,conveniently, the 3 big unfunded obligations of govt largese:health care,medical drugs,superannuation.
Crippling.Impossible.Literally.


The above of course excludes he military situations,the trade deficits,the surfeit if green paper in foreigners hands/banks.

The housing crisis is young,wait for the prime siuation to get worse soon,then the ARM crisis next year.

How do you find safe store of work.Work being explelled effort,being an acruement of wealth.Certainly not in green paper money,nor real estate,except possibly farmland.

I will take some haven in the 4000 year old exchange medium and value store:ag and au.