Re: .75% cut....will it stop the bloodletting at this point

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

mustangman

Rank: President [?]

Points: 7877 [?]

Votes: 287 Score: 3.4 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: .75% cut....will it stop the bloodletting at this point

posted on Jan 22, 2008 03:29AM

I guess the big question is...has this sell off gone to far to retract because of the interest rate decrease. I know 3/4 % is on heck of a drop and signifies that the central bank is serious about slowing the recession tide. This is good.

The question becomes will we now have to wait the storm to see what all of the stopgaps provide as far a instilling confidence back into the investment community. My guess is we'll be seeing a day or two more of bloodletting. The good part is the length of time and degree of freefall may well start to let up. I've heard that 10,000 - 10,500 is one estimate of the TSX once this is over. I don't agree totally with that number, especially with Canada's economic strength. The issues right now are not dealing with the commodities but with sentiment. Once sentiment is righted everything else should find its own level again. Ours is NOT 2.51 as the pre-market is saying on my screen right now. Buy while you can.