iHub Mining Sector Entrance Lobby

[Frank Pembleton]

Oh I dunno... I see the other way around - the stock market is falling day after day after day - the nice folks out there sense this, they withdraw their money from their accounts and pay down debt.

'tis the season for austerity ... in bad times people stop buying jewellery, they stop buying electronic gadgets and eventually stop buying cars and houses.

This isn't much of a bullish scenario for the precious metals (or even mining in general) until you factor in the eventual "investment demand" scenario.

I say go long - take an outlook of 3 months to 3 years and don't worry about the daytrading noize that's prevalent on these boards.

Michael