I simply have to make it perfectly clear, WE ARE NOT HEADING INTO A WORLD WIDE RECESSION! What we are seeing at the moment is an effort by Central Banks to fix up the 'Credit Market' mess. NOT much more, NOT much less. Developing Countries are going to continue to grow vis infrastructure fill out for 10-20 more years, and at a growing rate for much of that time. That means that their consumption of Base Metals is growing and will continue to do so for some time to come. Once the growth in infrastructure spending levels off it will remain strong but likely constant for some many years after that. Thus the TOTAL amount of Base Metal consumption will eventually slow in rate of growth and be at and remain at a much higher level than what is presently the case. The only constraint on this growing demand for Base Metals is Supply. Supply is attempting to increase but is definitely challenged at the moment. Commodity Price Increase will continue to be the imputus for intensified exploration and development of ever decreasing Grade quality of existing and newly discovered Ore Deposits. We are witnessing a very particular type of 'Credit Crunch', NOT a recession. Once the 'Bad Credit' is all written off (taken off the accounting books of corporations unhappily holding it) the markets for 'Real Tangible Goods' will have already recovered and be will back into premium price territory. Noront will be, by this time very much into Premium Premium price territory. And in contrast to but a single past poster on here, "That is NOT the end of the story"!!! Old Joe PS: Walk time already!!!