The gold and the curse Deadly showdown looms in a jungle where Canadian miners are painted as marauding interlopers
MARTIN REGG COHN
CANATUAN, Philippines—The death toll is daunting, but the Canadians refuse to give up their gold claim.
Fifteen people have been gunned down so far in this remote jungle strip, victims of a feud that has all the elements of a David and Goliath battle: indigenous peoples claiming legal title to their ancestral lands, pitted against a Canadian multinational bulldozing a sacred mountain.
I guess I'm sitting pretty about right now (#msg-3507185) I've missed most of the damage... although I'll be the first to admit that I didn't think the damage would be this bad ... correction, yes-- but a complete annihilation of the precious metals sector, no. It never fails to surprise me at the intensity of the selling when the tide turns. You'd almost think they're mining for semi-conductors...!?
I think I'll be a buyer rather than a seller after this week. IMHO, where to within 5% of a bottom. I'd even go as far as saying that both the Naz and PM stocks will (unfortunately) find a bottom in tandem... For whatever its worth, I'd rather see a negative correlation between these two bad boys.
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